KCE Electronics' Margins Face Risks From Rising Cost Pressures -- Market Talk

Dow Jones

01/09

0637 GMT - KCE Electronics' margins face risks from rising cost pressures, CGS International's Thanapol Jiratanakij says in a research report. Copper prices have risen by around 25% in January 2026 from September 2025, and copper is one of the Thai printed circuit board maker's biggest cost components, the analyst says. Its margins are likely to be pressured over next six to 12 months, with every $1,000-a-ton increase in copper price resulting in estimated gross margin reductions of 0.8-1.0 percentage points. The brokerage cuts its 2026 EPS estimate for KCE Electronics by 24%. It lowers the stock's target price to THB19.10 from THB25.00 with an unchanged hold rating. Shares are unchanged at THB18.00. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 09, 2026 01:37 ET (06:37 GMT)

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Copper prices have risen by around 25% in January 2026 from September 2025, and copper is one of the Thai printed circuit board maker's biggest cost components, the analyst says. Its margins are likely to be pressured over next six to 12 months, with every $1,000-a-ton increase in copper price resulting in estimated gross margin reductions of 0.8-1.0 percentage points. The brokerage cuts its 2026 EPS estimate for KCE Electronics by 24%. It lowers the stock's target price to THB19.10 from THB25.00 with an unchanged hold rating. Shares are unchanged at THB18.00. 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Copper prices have risen by around 25% in January 2026 from September 2025, and copper is one of the Thai printed circuit board maker's biggest cost components, the analyst says. Its margins are likely to be pressured over next six to 12 months, with every $1,000-a-ton increase in copper price resulting in estimated gross margin reductions of 0.8-1.0 percentage points. The brokerage cuts its 2026 EPS estimate for KCE Electronics by 24%. It lowers the stock's target price to THB19.10 from THB25.00 with an unchanged hold rating. Shares are unchanged at THB18.00. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 09, 2026 01:37 ET (06:37 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KCE","symbol_name":"SPDR KBW Capital Markets ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2602426603","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2602426603","pubTimestamp":1767940620,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0637 GMT - KCE Electronics' margins face risks from rising cost pressures, CGS International's Thanapol Jiratanakij says in a research report. Copper prices have risen by around 25% in January 2026 from September 2025, and copper is one of the Thai printed circuit board maker's biggest cost components, the analyst says. Its margins are likely to be pressured over next six to 12 months, with every $1,000-a-ton increase in copper price resulting in estimated gross margin reductions of 0.8-1.0 percentage points. The brokerage cuts its 2026 EPS estimate for KCE Electronics by 24%. It lowers the stock's target price to THB19.10 from THB25.00 with an unchanged hold rating. Shares are unchanged at THB18.00. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"KCE":"SPDR KBW Capital Markets ETF"},"translate_title":"KCE Electronics的利润率面临成本压力上升的风险——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KCE":1.5},"content_text":"0637 GMT - KCE Electronics' margins face risks from rising cost pressures, CGS International's Thanapol Jiratanakij says in a research report. Copper prices have risen by around 25% in January 2026 from September 2025, and copper is one of the Thai printed circuit board maker's biggest cost components, the analyst says. Its margins are likely to be pressured over next six to 12 months, with every $1,000-a-ton increase in copper price resulting in estimated gross margin reductions of 0.8-1.0 percentage points. The brokerage cuts its 2026 EPS estimate for KCE Electronics by 24%. It lowers the stock's target price to THB19.10 from THB25.00 with an unchanged hold rating. Shares are unchanged at THB18.00. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 09, 2026 01:37 ET (06:37 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}