Shares in Cal-Comp Electronics Pcl jumped 5 percent to
3.78 baht, climbing at one point to 3.86 baht, on expectations
the company would post strong earnings growth this year along
with rising demand for consumer electronics.
Maybank Kim Eng Securities projected a 156.3 percent growth
in net profit this year to 2.06 billion baht ($69.16 million).
Maybank upgraded its rating on the electronics sector to
"The industry is now moving on an uptrend after increasing
wages in China (that) has led many producers to move operational
bases back to Thailand, which should be a main Asian hub in the
future," the broker said in a report.
Maybank said Cal-Comp was its top pick.
"We expect electronics demand to expand once again in 2013,
driven by a recovering world economy with the advent of new
technology," it said.
($1 = 29.785 baht)
1155 (0455 GMT)
(Reporting by Pairat Temphairojana in Bangkok; Editing by Anand