KCE Gains 5.5% to Bt80.25 as the Analyst Estimates 644% Increase in 2Q21 Earnings
KCE rose 5.5% to Bt80.25 per share, while the analyst estimated a 644% increase in 2Q21 net profit, giving a target price at Bt90 per share.
The share price of KCE Electronics Public Company Limited (KCE) rose ฿4.25/share or 5.59% to ฿80.25/share with a trading value of 2,943 million baht as of 15:09 local time in Thailand on July 22, 2021.
Country Group Securities (CGS) estimated KCE’s 2Q21 earnings at 531 million baht, representing an increase of 644% You and 6% QoQ. The increase would be due to its revenue for the quarter that CGS expected to grow 71% YoY to 3.6 billion baht from a low base in 2020 due to more operating days and the price adjustment.
