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Electronics sector upbeat on 2024 view
KGI predicts industry rebound
Listed electronics companies should see their performance improve in 2024 thanks to a projected global recovery of all sub-sectors across the industry, with higher growth in the latter half of the year, says KGI Securities.
Inventory restocking is expected to continue next year with an accelerated pace in the second half, Chananthorn Pichayapanupat, an analyst at KGI Securities Thailand, said in a recent report.
Global recovery is supported by seven consecutive months of month-on-month improvement in global semiconductor sales through September and upticks across all sub-sectors in 2024, including smartphones, PCs and servers, she said.
“The expected industry recovery next year would support the sales momentum of our covered electronics companies. However, a potentially slower…
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