TTB Wealth upgrades KCE to Buy with 100 baht target on new US orders

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).

Kasikorn Securities estimates that NEO will post a third-quarter profit of 212 million baht, up 261% year on year and 2% quarter on quarter, under assumptions of 19.5% sales growth, a 38% gross margin, and a selling and administrative expense ratio of 29.2% of revenue. This puts the first nine months of the year at 516 million baht, up 31% year on year, or 73% of the full-year profit forecast of 705 million baht. The company is maintaining its targets for the year: double-digit sales growth, a gross margin of 37% to 39%, and an SG&A-to-revenue ratio of no more than 27%. For next year, it targets mid-to-high single-digit sales growth. The research team is keeping its hold recommendation on NEO but raising its end-of-next-year target price to 24.78 baht from 24.14 baht, after shifting the valuation base year to the end of next year, compared with the current market price of 23.7 baht.