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STOCKS NEWS THAILAND-KCE Electronics rises after earnings guidance
February 13, 2013 / 6:16 AM / 5 years ago

STOCKS NEWS THAILAND-KCE Electronics rises after earnings guidance

Shares in KCE Electronics Pcl rose 4.5 percent to 11.70 baht at the midday break, climbing at one point to a near 9-year high of 11.9 baht, following positive management guidance on 2013 earnings growth.

The electronic components subindex was up 2 percent while the broader SET index rose 1.3 percent.

The producer and exporter of printed circuit boards expects 25 percent revenue growth in 2013 and 10-20 percent net profit growth for the year due to a positive outlook for the tech industry along with global recovery, Chairman Bancha Ongkosit said.

Three out of 7 analysts tracking the company rated the stock a ‘strong buy’, two had a ‘hold’ rating and two had ‘sell’ or ‘strong sell’, according to Thomson Reuters StarMine.

1257 (0557 GMT)

(Reporting by Pairat Temphairojana in Bangkok; Editing by Jijo Jacob)

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