KOA lifts full-year net profit forecast to 7.74 billion yen on strong AI and industrial equipment demand, dividend also raised 1.6 times

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.

Vishay Intertechnology reported second-quarter revenues of $888.6 million, up 16.6% year on year, falling short of analysts' expectations by 1.8% even as it beat EPS and operating income estimates. CEO Joel Smejkel said the quarter delivered 9.5% sequential growth to adjusted revenue of $919 million, exceeding the top end of the company's revenue guidance on strengthening demand across all end markets, channels and regions. The stock is down 16% since reporting and currently trades at $32.64. Across the 14 analog semiconductors stocks tracked, group revenues beat consensus estimates by 1.8% while next quarter's revenue guidance came in 4.9% above, and share prices have held steady, up 2.2% on average since the latest earnings results. Monolithic Power Systems posted the group's best quarter with revenues of $980.6 million, up 47.6% year on year and 8.6% above expectations, while Himax had the slowest, with revenues of $227.4 million, up 5.9% and 2% above estimates.

Nidec announced on the 1st that it will sell its electronic components subsidiary Nidec Components, formerly Copal Electronics, to U.S. investment fund Carlyle Group for 102.9 billion yen. The transfer will take place on December 1. The company said it is currently examining the impact of the sale on its consolidated earnings and will promptly disclose any matters that should be made public going forward.

A major Japanese brokerage on September 30 kept its rating on Elecs at Neutral (2) while raising its target price from 820 yen to 890 yen. As of the previous day, September 29, the rating consensus stood at 3 (based on 3 analysts), a "Neutral" level, and the target price consensus was 867 yen (based on 3 analysts).