KCE Electronics PCL
Thai stocks · SET · Technology · Electronic components
Makes printed circuit boards (PCBs), exported mainly to car parts makers, so sales rise and fall with European car production and the baht
For every 100 baht of sales: cost of sales 81 · operating expenses 11 · tax and other items 1 · leaving 6 as net profit
Investors in Thailand can buy KCE through 38 mutual funds open to retail investors. Every one of them buys the stock directly.
| Fund | KCE weight | How it invests | 1-year return |
|---|---|---|---|
 ASP-ERFAsset Plus Equity RMF | 10.90% | Buys the stock directly | +24.74% |
| ASP-THGEQ-AAsset Plus Thai High Growth Equity Fund | 9.97% | Buys the stock directly | +35.03% |
| ASP-THEQAsset Plus Thai Equity Fund | 9.88% | Buys the stock directly | +23.82% |
| ASP-T12Asset Plus Thai Top 12 Fund | 9.84% | Buys the stock directly | +25.04% |
| ASP-THSME-AAsset Plus Thai Small and Mid Cap Equity Fund | 9.67% | Buys the stock directly | +27.52% |
 UTHAISME-LNUnited Thai Equity Small and Mid Cap Fund | 9.64% | Buys the stock directly | +28.26% |
| UTSMEUnited Thai Small and Mid Cap Equity Fund | 9.63% | Buys the stock directly | +28.11% |
| ASP-SME-AAsset Plus Small and Mid Cap Equity Fund | 9.54% | Buys the stock directly | +27.47% |
| ASP-MRFAsset Plus Mixed RMF | 9.48% | Buys the stock directly | +12.16% |
| ASP-SME-SSFAsset Plus Small and Mid Cap Equity Super Savings Fund | 9.37% | Buys the stock directly | +27.11% |
Yearly average over the last 3 years · Latest annual sales 13.1B THB
For every 100 baht of sales, about 6 baht is left as net profit
Per year, relative to the share price · Tech stocks tend to pay little because they reinvest their profits
Now 16.9% below its 1-year high
| Item (THB) | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Total revenue | 18.5B THB | 16.3B THB | 14.8B THB | 13.1B THB |
| Gross profit | 4.2B THB | 3.4B THB | 3.3B THB | 2.5B THB |
| Operating profit | 2.5B THB | 2.0B THB | 1.8B THB | 988.9M THB |
| Net profit | 2.3B THB | 1.7B THB | 1.6B THB | 832.7M THB |
| EPS (diluted) | 1.96 | 1.45 | 1.39 | 0.70 |
| Gross margin | 22.8% | 20.8% | 22.0% | 18.9% |
| Operating margin | 13.8% | 12.0% | 12.4% | 7.6% |
| Net margin | 12.6% | 10.5% | 11.1% | 6.4% |
| Operating cash flow | 2.0B THB | 4.2B THB | 3.3B THB | 2.5B THB |
| Free cash flow | 1.0B THB | 3.8B THB | 2.9B THB | 1.9B THB |
| Total assets | 21.0B THB | 19.2B THB | 18.4B THB | 17.9B THB |
| Total liabilities | 7.5B THB | 5.4B THB | 4.6B THB | 4.7B THB |
| Shareholders' equity | 13.4B THB | 13.7B THB | 13.8B THB | 13.2B THB |
| Period | SMA | EMA | Price vs line |
|---|---|---|---|
| 10 days | 69.65 | 69.65 | Below |
| 20 days | 72.65 | 70.45 | Below |
| 50 days | 67.39 | 66.21 | Below |
| 100 days | 55.06 | 57.42 | Above |
| 200 days | 39.83 | 46.42 | Above |
| Indicator | Value | Signal |
|---|---|---|
| RSI(14) | 43.62 | Down |
| MACD(12,26) | −0.08 | Down |
| ADX(14) | 29.31 | Neutral |
| ATR(14) % of price | 3.38 | Neutral |
The many funds holding less than 3% are usually index funds holding at market weight · Funds holding more than 8% have deliberately chosen a large position
ASSETFUND11UOBAM7
LHFUND6
TISCOASSET4
KTAM4
ABERDEEN2
ONEAM1
KASSET1| Fund | KCE weight | Master fund | 1-year return | TER |
|---|---|---|---|---|
| LHALFA1-UI-PDNot sold to retail investors | 12.80% | Buys the stock directly | +28.15% | 0.99% |
| ASP-ERF | 10.90% | Buys the stock directly | +24.74% | 1.71% |
| ASP-THGEQ-A | 9.97% | Buys the stock directly | +35.03% | 1.84% |
| ASP-THEQ | 9.88% | Buys the stock directly | +23.82% | 2.04% |
| ASP-T12 | 9.84% | Buys the stock directly | +25.04% | 2.71% |
| ASP-THSME-A | 9.67% | Buys the stock directly | +27.52% | 2.67% |
| UTHAISME-LN | 9.64% | Buys the stock directly | +28.26% | 1.88% |
| UTSME | 9.63% | Buys the stock directly | +28.11% | 1.96% |
| ASP-SME-A | 9.54% | Buys the stock directly | +27.47% | 2.73% |
| ASP-MRF | 9.48% | Buys the stock directly | +12.16% | 1.29% |
| ASP-SME-SSF | 9.37% | Buys the stock directly | +27.11% | 2.73% |
| ASP-SMERMF | 9.27% | Buys the stock directly | +27.63% | 2.93% |
| LHMSFL-A | 9.16% | Buys the stock directly | +31.72% | 2.39% |
| LHTOPPICK-A | 8.52% | Buys the stock directly | +10.98% | 2.30% |
| ABSM | 8.12% | Buys the stock directly | +22.79% | 2.03% |
| ABSM-RMF | 8.09% | Buys the stock directly | +22.41% | 2.05% |
| FCF | 7.87% | Buys the stock directly | +8.41% | 0.35% |
| LHTRIG7M | 7.65% | Buys the stock directly | +10.83% | 1.65% |
| ASP-ThaiESG | 7.60% | Buys the stock directly | +23.99% | 2.79% |
| K-MIDSMALL | 7.28% | Buys the stock directly | +33.85% | 2.14% |
| Fund | KCE weight | Master fund | 1-year return | TER |
|---|---|---|---|---|
 TLEQ-THAICG | 7.25% | Buys the stock directly | +36.64% | 2.58% |
| TDSThaiESG-A | 7.24% | Buys the stock directly | +47.05% | 1.83% |
| TDF | 6.82% | Buys the stock directly | +19.49% | 1.80% |
| UTHAICG | 6.78% | Buys the stock directly | +15.59% | 1.80% |
| ASP-MIX ThaiESGX-LTF | 6.69% | Buys the stock directly | +20.28% | 2.71% |
| KKF | 6.67% | Buys the stock directly | +18.76% | 2.22% |
| UEQ-TESGX-D | 6.51% | Buys the stock directly | N/A | 1.84% |
| UTSEQ-THAIESG | 6.46% | Buys the stock directly | +23.97% | 1.84% |
| LHSTRATEGY-A | 6.22% | Buys the stock directly | +30.14% | 2.51% |
| LHTHAIEQ-A | 6.17% | Buys the stock directly | +28.09% | 2.41% |
| TMSFOCUS-A | 5.35% | Buys the stock directly | +27.61% | 2.03% |
| TISCOMS-A | 5.34% | Buys the stock directly | +27.69% | 2.09% |
| TMSRMF-A | 5.34% | Buys the stock directly | +27.22% | 2.39% |
 KKP SM CAP | 4.85% | Buys the stock directly | +32.26% | 2.01% |
| KTMSEQ | 4.72% | Buys the stock directly | +21.05% | 1.87% |
| KT-ESG RMF | 4.53% | Buys the stock directly | +31.82% | 0.84% |
| KTESGS-SSF | 4.53% | Buys the stock directly | +32.21% | 0.81% |
| KT-ESG-A | 4.52% | Buys the stock directly | +32.28% | 0.68% |
 SCBEQUALA | 1.94% | Buys the stock directly | +37.96% | 0.95% |
