0543 GMT - Cal-Comp Electronics stands to benefit from the start of production for two new customers, Maybank Securities (Thailand)'s Yugi Takeshima says in a research report. The brokerage maintains the stock's buy rating. Manufacturing for one client begins in 1H and production for the other starts in 2H, offering 20%-25% upside to the electronics-manufacturing-services company's 2024 sales at full capacity, the analyst says. The Thai company's backlog also remains firm this year, mostly from its printing and hard-disk-drive/solid-state-drive segments. However, the brokerage lowers its 2025 and 2026 core earnings estimates for the company by 3% and 4%, respectively, to partly reflect an uncertain global economic situation. It trims the stock's target price to THB9.00 from THB9.20. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 27, 2025 01:43 ET (05:43 GMT)
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