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Thai (SET) Tech Sector Analysis

UpdatedMar 03, 2024
DataAggregated Company Financials
Companies54
  • 7D-6.8%
  • 3M-9.2%
  • 1Y-27.9%
  • YTD-22.6%

Over the last 7 days, the Tech industry has dropped 6.8%, driven by a pullback from Delta Electronics (Thailand) of 7.8%. Meanwhile, Advanced Information Technology actually outperformed within the industry, gaining 7.1% in the last week. The industry has fallen 28% in the last year. Looking forward, earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

Has the Thai Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 03 Mar 2024฿1.2t฿591.2b฿30.9b16.7x39.7x2.1x
Tue, 30 Jan 2024฿1.4t฿599.4b฿32.2b15.7x43.2x2.3x
Thu, 28 Dec 2023฿1.6t฿599.4b฿32.2b16.4x48.3x2.6x
Sat, 25 Nov 2023฿1.4t฿600.7b฿32.5b13.9x42.8x2.3x
Mon, 23 Oct 2023฿1.4t฿606.8b฿31.0b14.5x44.8x2.3x
Wed, 20 Sep 2023฿1.7t฿605.9b฿30.8b17.9x56.5x2.9x
Fri, 18 Aug 2023฿1.7t฿604.6b฿31.9b17.2x53.6x2.8x
Sun, 16 Jul 2023฿1.6t฿594.8b฿30.6b15x54x2.8x
Tue, 13 Jun 2023฿1.6t฿594.4b฿30.5b17.4x53.4x2.7x
Thu, 11 May 2023฿1.3t฿590.0b฿31.4b16.4x42.9x2.3x
Sat, 08 Apr 2023฿1.6t฿578.6b฿30.5b19.3x51x2.7x
Mon, 06 Mar 2023฿1.7t฿578.5b฿30.4b23.2x55.8x2.9x
Wed, 01 Feb 2023฿1.7t฿556.6b฿29.3b25.4x56.8x3x
Fri, 30 Dec 2022฿1.4t฿556.6b฿29.3b22.7x47.9x2.5x
Sun, 27 Nov 2022฿1.3t฿552.8b฿29.0b22.3x45.7x2.4x
Tue, 25 Oct 2022฿1.3t฿515.5b฿26.6b22.3x49x2.5x
Thu, 22 Sep 2022฿1.3t฿515.5b฿26.6b23.6x50.4x2.6x
Sat, 20 Aug 2022฿1.3t฿515.5b฿26.6b23.7x48.1x2.5x
Mon, 18 Jul 2022฿943.6b฿490.0b฿23.7b20.3x39.7x1.9x
Wed, 15 Jun 2022฿1.1t฿490.0b฿23.7b20.1x45.4x2.2x
Fri, 13 May 2022฿1.3t฿472.3b฿22.9b24.8x56x2.7x
Sun, 10 Apr 2022฿1.3t฿465.3b฿21.8b27.7x59.4x2.8x
Tue, 08 Mar 2022฿1.1t฿465.3b฿21.8b24.8x48.8x2.3x
Thu, 03 Feb 2022฿1.1t฿446.4b฿20.0b26.3x56.5x2.5x
Sat, 01 Jan 2022฿1.2t฿446.4b฿20.0b27.7x57.7x2.6x
Mon, 29 Nov 2021฿1.1t฿446.4b฿20.0b27.4x53.7x2.4x
Wed, 27 Oct 2021฿1.1t฿435.3b฿19.5b30.1x54.4x2.4x
Fri, 24 Sep 2021฿1.1t฿435.3b฿19.5b32.2x55.9x2.5x
Sun, 22 Aug 2021฿1.1t฿435.7b฿19.0b28.3x59.5x2.6x
Fri, 09 Jul 2021฿1.1t฿432.5b฿18.7b26.9x60.4x2.6x
Thu, 01 Apr 2021฿691.2b฿412.2b฿16.7b21.2x41.3x1.7x
Price to Earnings Ratio

50.8x


Total Market Cap: ฿772.7bTotal Earnings: ฿15.2bTotal Revenue: ฿392.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Tech Sector Price to Earnings3Y Average 51.7x202220232024
Current Industry PE
  • Investors are pessimistic on the Thai Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 39.7x which is lower than its 3-year average PE of 51.7x.
  • The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 27% per year over the last three years.
  • Revenues for these companies have grown 15% 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-2.21%
Tech-6.76%
Tech Hardware0%
IT-0.98%
Semiconductors-1.87%
Software-2.55%
Communications-6.41%
Electronic Equipment and Components-7.44%
Industry PE
  • Investors are most optimistic about the IT industry even though it's trading below its 3-year average PE ratio of 50.1x.
    • Analysts are expecting annual earnings growth of 21.2%, which is lower than the prior year's growth of 53.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT industry, expecting annual earnings growth of 21% over the next 5 years.
  • However this is lower than its past earnings growth rate of 53% per year.
  • In contrast, the Semiconductors industry is expected to see its earnings grow by 3.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
AIT Advanced Information Technology฿4.507.1%
+฿460.9m
-24.4%PE13.7x
SKY Sky ICT฿28.251.8%
+฿357.7m
-11.0%PE37.3x
SDC Samart Digital฿0.0620.0%
+฿309.6m
-57.1%PS1x
SAMART Samart Corporation฿6.005.3%
+฿302.0m
14.3%PS0.6x
SIS SiS Distribution (Thailand)฿23.401.7%
+฿140.1m
-8.2%PE12.7x
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Latest News

DELTA

฿68.00

Delta Electronics (Thailand)

7D

-7.8%

1Y

-30.3%

LOXLEY

฿1.43

Loxley

7D

3.6%

1Y

-28.1%

SKY

฿28.25

Sky ICT

7D

1.8%

1Y

-11.0%

FORTH

฿15.90

Forth Corporation

7D

-7.6%

1Y

-58.4%

DITTO

฿23.70

Ditto (Thailand)

7D

-6.1%

1Y

-36.8%

MSC

฿8.60

Metro Systems Corporation

7D

1.2%

1Y

-6.0%

HANA

฿36.00

Hana Microelectronics

7D

-13.3%

1Y

-33.9%

IIG

฿7.55

I&I Group

7D

10.2%

1Y

-78.4%

CCET

฿2.48

Cal-Comp Electronics (Thailand)

7D

-6.1%

1Y

18.9%

SIS

฿23.40

SiS Distribution (Thailand)

7D

1.7%

1Y

-8.2%

NEX

฿9.70

Nex Point

7D

-9.3%

1Y

-30.2%

SDC

฿0.06

Samart Digital

7D

20.0%

1Y

-57.1%

SAMART

฿6.00

Samart Corporation

7D

5.3%

1Y

14.3%

KCE

฿37.00

KCE Electronics

7D

-3.3%

1Y

-21.3%

AIT

฿4.50

Advanced Information Technology

7D

7.1%

1Y

-24.4%

SVI

฿6.15

SVI

7D

-8.9%

1Y

-34.6%