DELTA-HANA-KCE to Recover in Second Half

Analysts at Asia Plus Securities Public Company Limited said that water levels at the C.29 gauging station in Bang Sai, Ayutthaya Province, have begun rising sharply, though still below 2011 levels, with the latest reading at 78% of the 2011 level. Meanwhile, the C.2 station in Nakhon Sawan remains below half of its 2011 level. If Ayutthaya Province is at risk of flooding, it would affect KCE and HANA, which have factories in the Hi-Tech Industrial Estate in Ban Wa Subdistrict, Bang Pa-in District. Although there are currently no reports of water entering the estate, the impact on key transport routes and production at both companies must be monitored. The research team views the flooding issue as only a short-term pressure factor that could affect transport and employee commuting in early the fourth quarter of 2026, but it will not affect the production base as it did in 2011. It also expects electronics sector profits in the third quarter of 2026 to grow both quarter-on-quarter and year-on-year, and to climb to a peak in the fourth quarter of 2026, driven by DELTA, whose share price still lags the sector. It therefore maintains an "overweight" rating on the electronics sector.

Yangdian Technology announced that Qiu Qinjian, the company's deputy general manager, chief financial officer, and board secretary, has applied to resign from the position of board secretary due to work adjustments. After stepping down, he will continue to serve as deputy general manager and chief financial officer. On the same day, the company held the eleventh meeting of the third board of directors. Upon nomination by chairman Nie Kunlin and qualification review by the board's nomination committee, the board approved the appointment of Zhang Jun as board secretary, with a term starting from the date of approval by this board meeting until the end of the third board's term. Zhang Jun, born in October 1990, holds a master's degree in political economy from Jilin University and is a non-practising member of the Chinese Institute of Certified Public Accountants. He previously served as deputy general manager and board secretary of Xingyun Technology Co., Ltd. and as director of investor relations at Xingyuan Environment Technology Co., Ltd., and has obtained the board secretary qualification certificate issued by the Shenzhen Stock Exchange. The company has seen several senior management changes recently. In June 2026, former chairman Tang Xuemei resigned as chairman for personal reasons but continued to serve as an employee representative director. Non-independent director Zhu Zhenguo also resigned from his position as non-independent director. In July, the company elected Nie Kunlin as chairman. In terms of performance, in the first half of 2026 the company achieved total operating revenue of 765 million yuan, up 18.83 percent year on year, and net profit attributable to the parent company of 31.0066 million yuan, up 43.62 percent year on year.