Thai (SET) Tech Sector Analysis
- 7D0.9%
- 3M-21.2%
- 1Y90.5%
- YTD18.0%
Over the last 7 days, the Tech industry has remained flat, although notably Jasmine Technology Solution gained 25%. As for the the longer term, the industry is up 90% over the past 12 months.
Sector Valuation and Performance
Has the Thai Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Sun, 05 Dec 2021 | ฿1.1t | ฿446.4b | ฿20.0b | 28.3x |
| Tue, 02 Nov 2021 | ฿1.0t | ฿438.8b | ฿18.0b | 30x |
| Thu, 30 Sep 2021 | ฿1.1t | ฿435.3b | ฿19.5b | 31.2x |
| Sat, 28 Aug 2021 | ฿1.2t | ฿435.7b | ฿19.0b | 28.4x |
| Sun, 04 Jul 2021 | ฿1.1t | ฿432.5b | ฿18.7b | 26.9x |
| Wed, 07 Apr 2021 | ฿691.2b | ฿412.2b | ฿16.7b | 21.2x |
| Sat, 09 Jan 2021 | ฿838.2b | ฿392.5b | ฿15.2b | 16.8x |
| Fri, 02 Oct 2020 | ฿404.2b | ฿376.0b | ฿13.0b | 18.4x |
| Mon, 06 Jul 2020 | ฿226.3b | ฿366.7b | ฿10.2b | 12.5x |
| Thu, 09 Apr 2020 | ฿155.3b | ฿371.1b | ฿9.8b | 10.1x |
| Wed, 01 Jan 2020 | ฿227.6b | ฿379.2b | ฿9.7b | 14.2x |
| Sat, 05 Oct 2019 | ฿217.2b | ฿389.5b | ฿8.3b | 14.7x |
| Tue, 09 Jul 2019 | ฿247.9b | ฿396.3b | ฿10.5b | 14x |
| Mon, 01 Apr 2019 | ฿259.8b | ฿397.1b | ฿11.1b | 13.8x |
| Thu, 03 Jan 2019 | ฿251.5b | ฿392.9b | ฿10.8b | 15.3x |
15.3x
Current Industry PE: Investors are more optimistic on the industry, considering it's trading at a PE ratio of 27.6x which is higher than its 3-year average PE of 17.7x. It appears they are confident that earnings will grow faster in the future than they have historically.
Past Earnings Growth: The earnings for companies in the Information Technology industry have grown 23% per year over the last three years, and revenues for these companies have grown 4.3% 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?
| IT | 9.68% | |
| Semiconductors | 5.90% | |
| Electronic Equipment and Components | -0.31% | |
| Software | -0.77% | |
| Communications | -4.69% | |
Industry PE: Investors are most optimistic about the Semiconductors industry even though it's trading below its 3-year average PE ratio of 42.5x. It looks like they are confident that earnings will grow faster in the future than they have historically. Meanwhile, investors are most pessimistic about the IT industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 13.5x.
Forecasted Growth: Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 30% over the next 5 years. However this is lower than its past earnings growth rate of 58% per year. Meanwhile, the Software industry is expected to see its earnings grow by 12% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| JTS Jasmine Technology Solution | 25.4%+฿14.3b | 4,404.5% | PE424.4x | |
| SYNEX Synnex (Thailand) | 9.7%+฿2.3b | 105.3% | PE34.4x | |
| NEX Nex Point | 8.1%+฿1.7b | 199.1% | PS32.9x | |
| HANA Hana Microelectronics | 1.1%+฿804.9m | 116.6% | PE32x | |
| SIS SiS Distribution (Thailand) | 5.6%+฿787.9m | 136.1% | PE19.3x |