KCE, TH0122010R10

Krungsri kept THB 97 target for KCE stock ahead of third-quarter profit

Published on 10/13/2026 at 05:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Krungsri forecasts THB 495 million profit for the third quarter, up 66.00 percent year over year. A 25.00 percent margin tests KCE stock as prices rise 7.00 percent.

Key points in brief

Krungsri Securities kept a THB 97.00 target for KCE on October 6, 2026.
The brokerage forecasts THB 495.00 million normalized profit for the third quarter.
KCE reported THB 3.57 billion revenue and THB 275.92 million net income in the second quarter of 2026.
The last Lang & Schwarz quote was EUR 2.01 on October 12, 2026.

KCE, TH0122010R10, Illustration mit AI erstellt.

On October 6, 2026, Krungsri Securities kept its THB 97.00 target for KCE after forecasting normalized profit of THB 495.00 million for the third quarter, according to Kaohoon International. The estimate implies growth of 66.00 percent year over year and 119.00 percent quarter over quarter, making margin recovery the central test for the stock.

Three dated earnings signals

On June 30, 2026, KCE's second-quarter reporting period ended with revenue of THB 3.57 billion and net income of THB 275.92 million, figures covered by Investing.com.

On September 29, 2026, Kiatnakin Phatra Securities initiated coverage with a THB 104.00 target and cited 53.50 percent upside from THB 67.75, as Kaohoon International reported.

On October 6, 2026, Krungsri projected a 25.00 percent third-quarter gross margin, up from 18.90 percent in the second quarter, while expecting another 7.00 percent price increase in October.

What tests the profit forecast?

The forecast rests on volume, pricing and operating leverage rather than on a single demand assumption. Krungsri expects sales volume to rise 8.00 percent quarter over quarter and revenue to increase 15.00 percent quarter over quarter, with printed circuit boards contributing 85.00 percent of total revenue.

The comparison with the second quarter is material: a 25.00 percent gross margin would stand 6.10 percentage points above the reported 18.90 percent. Krungsri also expects normalized earnings growth of 77.00 percent in fiscal 2026 and 82.00 percent in fiscal 2027, while identifying copper costs and fourth-quarter seasonality as pressure points.

Next reporting date

KCE's next earnings report is scheduled for November 10, 2026, according to TradingView.

Last euro quote before October 13

KCE was last quoted at EUR 2.01 at Lang & Schwarz on October 12, 2026 at 10:57 p.m. CEST. The SET quote was THB 75.75 at the October 12, 2026 data timestamp, while the 52-week range was THB 16.00 to THB 81.50 and market capitalization was THB 89.5 billion.

The further course of trading is shown by the continuously updated real-time quote of KCE stock.