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Thai (SET) Tech Sector Analysis
UpdatedAug 29, 2025
DataAggregated Company Financials
Companies55
- 7D1.9%
- 3M39.2%
- 1Y32.0%
- YTD3.1%
The Tech industry is up 1.9% in the last week, with Delta Electronics (Thailand) up 2.4%. This takes the industry's 12 month performance to a gain of 32%. Looking forward, earnings are forecast to grow by 19% annually.
Sector Valuation and Performance
Has the Thai Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 29 Aug 2025 | ฿2.1t | ฿616.5b | ฿28.3b | 12.9x | 75.4x | 3.5x |
| Sun, 27 Jul 2025 | ฿2.0t | ฿620.8b | ฿28.9b | 12.9x | 70.3x | 3.3x |
| Tue, 24 Jun 2025 | ฿1.4t | ฿618.5b | ฿30.6b | 11x | 46.4x | 2.3x |
| Thu, 22 May 2025 | ฿1.6t | ฿618.7b | ฿30.3b | 12.8x | 51.7x | 2.5x |
| Sat, 19 Apr 2025 | ฿1.1t | ฿609.5b | ฿29.6b | 12.6x | 37.4x | 1.8x |
| Mon, 17 Mar 2025 | ฿1.1t | ฿609.5b | ฿29.6b | 13.3x | 38.5x | 1.9x |
| Wed, 12 Feb 2025 | ฿1.7t | ฿600.1b | ฿35.0b | 12.9x | 49x | 2.9x |
| Fri, 10 Jan 2025 | ฿2.3t | ฿600.0b | ฿34.9b | 13.2x | 64.7x | 3.8x |
| Sun, 08 Dec 2024 | ฿2.2t | ฿600.0b | ฿34.9b | 13.8x | 63.3x | 3.7x |
| Tue, 05 Nov 2024 | ฿2.1t | ฿596.5b | ฿35.4b | 16.2x | 58.3x | 3.5x |
| Thu, 03 Oct 2024 | ฿1.7t | ฿593.6b | ฿34.9b | 17.5x | 48.5x | 2.9x |
| Sat, 31 Aug 2024 | ฿1.6t | ฿593.6b | ฿34.9b | 14x | 46.9x | 2.8x |
| Mon, 29 Jul 2024 | ฿1.5t | ฿595.9b | ฿34.0b | 14.2x | 42.8x | 2.4x |
| Wed, 26 Jun 2024 | ฿1.4t | ฿592.4b | ฿32.3b | 16.1x | 43.8x | 2.4x |
| Fri, 24 May 2024 | ฿1.3t | ฿592.9b | ฿32.3b | 16.1x | 41.3x | 2.3x |
| Sun, 21 Apr 2024 | ฿1.2t | ฿592.1b | ฿31.2b | 15.3x | 38.8x | 2x |
| Tue, 19 Mar 2024 | ฿1.2t | ฿592.1b | ฿31.2b | 16.8x | 39.4x | 2.1x |
| Thu, 15 Feb 2024 | ฿1.4t | ฿596.3b | ฿31.7b | 15.5x | 44.3x | 2.3x |
| Sat, 13 Jan 2024 | ฿1.5t | ฿599.4b | ฿32.2b | 17.5x | 46.1x | 2.5x |
| Mon, 11 Dec 2023 | ฿1.4t | ฿599.4b | ฿32.2b | 15x | 43.8x | 2.3x |
| Wed, 08 Nov 2023 | ฿1.4t | ฿615.9b | ฿32.3b | 14.7x | 44.4x | 2.3x |
| Fri, 06 Oct 2023 | ฿1.5t | ฿605.9b | ฿30.8b | 16.1x | 48.4x | 2.5x |
| Sun, 03 Sep 2023 | ฿1.8t | ฿604.8b | ฿30.8b | 19.3x | 58.7x | 3x |
| Tue, 01 Aug 2023 | ฿1.8t | ฿602.8b | ฿31.0b | 15.8x | 57.9x | 3x |
| Thu, 29 Jun 2023 | ฿1.6t | ฿594.8b | ฿30.6b | 14.9x | 51x | 2.6x |
| Sat, 27 May 2023 | ฿1.5t | ฿594.4b | ฿30.5b | 16.7x | 50.3x | 2.6x |
| Mon, 24 Apr 2023 | ฿1.5t | ฿578.6b | ฿30.5b | 18.4x | 49.2x | 2.6x |
| Wed, 22 Mar 2023 | ฿1.7t | ฿578.6b | ฿30.5b | 21x | 54.4x | 2.9x |
| Fri, 17 Feb 2023 | ฿1.7t | ฿557.0b | ฿29.1b | 23.8x | 59x | 3.1x |
| Sun, 15 Jan 2023 | ฿1.6t | ฿556.6b | ฿29.3b | 24.4x | 53.3x | 2.8x |
| Tue, 13 Dec 2022 | ฿1.4t | ฿556.0b | ฿29.3b | 23.1x | 47.2x | 2.5x |
| Thu, 10 Nov 2022 | ฿1.3t | ฿531.5b | ฿30.1b | 21.2x | 42.2x | 2.4x |
| Sat, 08 Oct 2022 | ฿1.3t | ฿515.5b | ฿26.6b | 20.5x | 50.5x | 2.6x |
| Mon, 05 Sep 2022 | ฿1.2t | ฿515.5b | ฿26.6b | 24x | 45.4x | 2.3x |
Price to Earnings Ratio
45.4x
Current Industry PE
- Investors are optimistic on the Thai Information Technology industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 75.4x which is higher than its 3-year average PE of 49.6x.
- The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 2.1% per year over the last three years.
- Revenues for these companies have grown 6.1% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Thai Tech sector?
| TH Market | 0.43% | |
| Tech | 1.95% | |
| Electronic Equipment and Components | 2.03% | |
| Software | 1.92% | |
| Tech Hardware | 0% | 0 |
| Semiconductors | -0.74% | |
| IT | -1.45% | |
| Communications | -2.90% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 51.4x.
- Analysts are expecting annual earnings growth of 18.7%, which is higher than its past year's earnings growth of 8.9% per year.
- Investors are most pessimistic about the Communications industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 19% over the next 5 years.
- This is better than its past earnings growth rate of 8.9% per year.
- In contrast, the Software industry is expected to see its earnings grow by 3.2% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SIS SiS Distribution (Thailand) | ฿21.10 | 2.4% +฿175.1m | -19.6% | PE9.9x | |
| SYNEX Synnex (Thailand) | ฿11.80 | 1.7% +฿169.5m | -18.6% | PE14.4x | |
| SAMART Samart Corporation | ฿6.45 | 2.4% +฿151.0m | 2.4% | PE13.6x | |
| SVOA SVOA | ฿1.47 | 8.1% +฿104.2m | -16.0% | PE25.6x | |
| MFEC MFEC | ฿5.25 | 1.9% +฿44.1m | -4.5% | PE10x |