Electric Stock Index Rise 2.67% as Global Economy Continues to Recover

The Electronic Components Index (ETRON) increased 204.80 points or 2.67% to 7,952.60 points as of 16:16 local time in Thailand, led by Hana Microelectronics (HANA). The share price rose 8.71% or ฿5.25/share to ฿65.50/share, with a trading value of 3,703 million baht.

Follow by Cal-Comp Electronics (Thailand) (CCET), the share rose 5.39% or ฿0.18/share to ฿3.52/share, with a trading value of 295 million baht.

The share price of KCE Electronics (KCE) rose 4.24% or ฿3.00/share to ฿73.75/share, with a trading value of 2,448 million baht.

 

Maybank Kim Eng (Maybank) stated that the semiconductor sector is continuing to grow strongly as the world economy recovers from the Covid-19 crisis, backed by positive developments in vaccines and record-high fiscal stimulus measures. This results in rapid technology changes, as seen by the US budget for 2022, which is focused on expanding broadband network infrastructure, as well as China’s five-year strategic plan aimed at becoming the world’s technology leader.

All of these factors contribute to the demand for semiconductor products continuing to grow at a spectacular rate of + 17.8% YoY and 3.6% QoQ in 1Q21. China and the United States are the largest consumers, accounting for over half of world consumption.