Middlemen that buy tech products in bulk and resell them to businesses — supplying the chips, parts and gear that shops and companies need.
Contains
News movingTechnology Distributors
United States
Technology Distributors▲
Avnet Shares Jump 5.2% on AI Data-Center Component Demand
Shares of electronic components distributor Avnet jumped 5.2% in the afternoon session after demand rose for electronic components used in AI infrastructure and global data-center buildouts, according to TipRanks. Record trading levels reflected the AI and data-center cycle pulling through distributors, while sentiment also got a lift from normalizing supply chains in industrial and automotive end markets that broadened the demand backdrop beyond AI alone. After the initial pop, the shares cooled down to $107.15, up 4.8% from the previous close. Avnet is up 117% since the beginning of the year and, at $107.15 per share, has set a new 52-week high. The stock's biggest recent move came 8 months ago, when it gained 11.6% on strong fourth-quarter results for its quarter ended December 2025, posting revenue of $6.32 billion, up 11.6% year on year and 4.9% above consensus, with adjusted earnings per share of $1.05 versus $0.87 a year earlier and 10.2% above forecasts, alongside next-quarter revenue guidance of $6.35 billion at the midpoint, 7.9% above analyst expectations.
SYNEX appoints Phakphum Kangsananont as acting CFO effective 1 October 2026
Sinnex (Thailand) Public Company Limited, or SYNEX, informed the Stock Exchange of Thailand that Ms. Nattanicha Thuranikorn, Director of the Accounting and Finance Department, ceased to hold her position on 30 September 2026, and the company has appointed Mr. Phakphum Kangsananont as acting Director of the Accounting and Finance Department, also serving as the chief officer responsible for the accounting and finance function, or CFO, effective from 1 October 2026 onwards.
SYNEX.BK · · Neutral SYNEX appoints Phakphum Kangsananont as acting CFO after Nattanicha Thuranikorn ceased her accounting/finance role; a leadership change with no clear positive or negative driver.
BPS unveils three-year JUMP+ plan, targets revenue of 740.8 million baht and net margin of 3.6%
BPS Technology Public Company Limited, or BPS, has unveiled its JUMP+ Plan to increase corporate value over three years from 2026 to 2028, restructuring its business from a base of equipment distribution and installation services toward delivering fully integrated smart systems, or Smart Infrastructure Execution. It targets total revenue of 740.80 million baht in 2028, net profit of 26.70 million baht, a gross profit margin of 17.7-18% and a net profit margin of 2.5-3.6%. The company has set revenue growth of 27.6% for 2026, before growth of 5.9% in 2027 and 5.8% in 2028, while the net profit margin is targeted to rise from 0.91% in 2025 to 2.5% in 2026, 2.9% in 2027 and 3.6% in 2028. The business plan is driven by three approaches: strengthening the core business, expanding on a platform and data base, and growing together with partners, while extending into Retrofit, Energy Monitoring, Smart Control, Preventive Maintenance and monitoring services through a data platform. It aims to raise the share of recurring revenue to more than 10% by 2028. On the New S-Curve, the company is preparing to move into the Well Building and Longevity market, with a pilot in 2026 to develop wellness and senior living solutions, before launching a fully integrated Well Building solution in 2027 and expanding into wellness residential projects in 2028.
BPS.BK · Capital · Positive BPS unveils three-year JUMP+ plan targeting 2028 revenue of 740.8M baht and net margin of 3.6%, a strategic/financial plan for the company.
TD SYNNEX Reports Strong Third Quarter Results and Fresh Guidance
TD SYNNEX has drawn renewed investor attention after reporting third quarter earnings, issuing fresh guidance, and outlining continued capital returns. The company's shares are now trading at US$263.03, with a 1-day share price return of 1.37% partly offsetting a 7-day decline of 5.92% that followed the earnings release and guidance. The stock has posted a 71.43% year to date share price return and a 3-year total shareholder return of 176.49%. The most followed analyst narrative puts fair value at $333.55, well above the recent close, implying the stock is 21% undervalued, with 23 investors backing that view. That bullish case rests on double-digit growth in software, especially cloud, cybersecurity, virtualization, and infrastructure software, plus high growth in the Advanced Solutions and Hyve businesses, though weaker Hyve orders from large customers or a slowdown in data center and AI infrastructure demand could quickly undercut it.
SNX · Capital · Positive TD SYNNEX reported strong Q3 earnings, issued fresh guidance, and outlined continued capital returns, with an analyst fair value of $333.55 implying 21% undervaluation.
SNX · Demand · Positive Bullish case rests on double-digit growth in software (cloud, cybersecurity, virtualization, infrastructure) plus high growth in Advanced Solutions and Hyve businesses.
Morgan Stanley raises TD Synnex price target to $359 after strong quarter
Morgan Stanley raised its price target on TD Synnex Corp to $359 from $334, reiterating an Overweight rating and naming the technology distributor its most favored enterprise hardware name. The call followed fiscal third-quarter results in which revenue and earnings per share beat consensus estimates by 13%-21%, while fourth-quarter guidance came in 12%-25% above Street expectations. Morgan Stanley lifted its fiscal 2027 and 2028 earnings estimates by 12%-15%, citing stronger growth and operating leverage. Within the company, Distribution gross billings rose 27% year-on-year, while gross billings at Hyve Solutions, TD Synnex's data-centre infrastructure unit, jumped 117%, as enterprise AI demand shifted from experimentation toward production. Operating expenses fell to 3.63% of revenue, the lowest level in more than five years, and Morgan Stanley expects free cash flow to turn positive in the fourth quarter as investments in Hyve's new customer programs ease.
SNX · Capital · Positive Morgan Stanley raised TD Synnex's price target to $359 after Q3 revenue/EPS beat and strong Q4 guidance, lifting FY27-28 estimates.
SNX · Demand · Positive Distribution gross billings rose 27% and Hyve Solutions billings jumped 117% as enterprise AI demand shifted to production.
MS · Capital · Positive Morgan Stanley's price target raise and Overweight reiteration on TD Synnex reflects its analyst call, a valuation event for the bank's research franchise.
JMART shifts growth mode, stops opening new branches, targets group profit of 2 billion baht by 2028
Jaymart Group Holdings, or JMART, has announced a major operational restructuring, moving away from growth driven by rising costs and instead maximising the use of its existing resources. CEO Adisak Sukhumvitaya told the Stock Vision news team that the company aims for Jaymart Mobile, its core mobile phone and accessories distribution business, to post a profit of no less than 300 million baht this year, before rising to 500 million baht in 2027, an average growth rate of about 30% per year. The key strategy is to refrain from opening additional branches in order to cut rental burdens and fixed costs, while shifting to a partner model with dealers and small retail store networks. Meanwhile, upcountry branches with low operating costs will be repositioned as distribution and logistics centres. The lending business will focus on extending credit to stores as working capital within the B2B system. The company estimates the mobile phone and operator market to be worth approximately 200 billion baht, based on trading volume of about 17 million units per year, and it is preparing to launch mobile phones equipped with AI technology under its own developed brand. Additional support comes from the recovery of affiliated companies SINGER, SGC and JMT, as well as the J real estate business, which is awaiting full recognition of rental income over the next one to two years. The medium-term goal is to push group profit back to 2 billion baht by 2028.
SYNEX Pushes into Cloud and AI, Extending Solutions to Build Recurring Revenue for the New IT Era
Panya Poonpermphonsiri, Chief Sales and Marketing Officer of Synnex (Thailand) Public Company Limited, or SYNEX, said at an online seminar for institutional investors titled "Expensive Chips, Tight Supply: How IT Operators Are Changing the Game," organized by Krungsri Securities Public Company Limited, that IT operators are facing simultaneous pressure from higher chip costs, supply volatility, and cautious consumer spending behavior, making inventory management, product mix allocation, and margin preservation more important than ever. The company believes the response requires adjusting business models to accommodate the changing structure of the IT market. SYNEX assesses that the IT market still has room to grow through higher-value technologies and services, especially artificial intelligence, data centers, cloud systems, cybersecurity, subscription software, and managed services. Under its plans, the company will extend from its distribution business into developing products and technologies into solutions and services that customers can put to practical use, while expanding partnerships to create new revenue streams and reduce dependence on growth from any single business. It will support partners from generating market demand, designing and delivering solutions, through to developing services that generate recurring revenue, particularly in cloud and artificial intelligence, and will set up teams of specialists to advise customers and connect after-sales services, product buyback, financial services, and product protection services to add value throughout the product lifecycle. Panya said the company will maintain the strength of its core business while expanding into solutions and services to accommodate long-term changes in the technology industry.
SYNEX.BK · Technology · Positive SYNEX is extending from distribution into cloud, AI, cybersecurity and managed-services solutions to build recurring revenue.
SYNEX Highlights AI-Cloud-Data Center Strategy to Navigate the Era of Expensive Chips
SYNEX, or Synnex (Thailand) Public Company Limited, has announced a strategic shift from IT product distribution toward creating added value through AI, Data Center, and Cloud solutions in order to cope with expensive chips and tight supply. Panya Poonpermphonsiri, Chief Sales and Marketing Officer, shared this view in an online seminar for institutional investors titled "Expensive Chips, Tight Supply: How IT Operators Are Changing the Game," organized by Krungsri Securities Public Company Limited. SYNEX stated that the challenge facing today's IT market is not merely higher chip prices, but managing business growth amid uncertainty over costs, supply, and purchasing power, making inventory management, product mix allocation, and margin preservation increasingly important. The company is expanding its sources of growth across multiple markets to reduce dependence on any single business, while extending from distribution into value creation through solutions, services, and partnerships, with a focus on raising recurring revenue, especially in the Cloud and AI segments, supported by dedicated expert teams that advise and serve customers throughout the entire usage cycle.
SYNEX.BK · Technology · Positive SYNEX is shifting from IT distribution to AI, Data Center, and Cloud solutions to cope with expensive chips and tight supply.
JMART closes 2,000 million baht bond subscription at 5.75% interest
Jaymart Group Holdings Public Company Limited, or JMART, successfully issued and offered its 2/2026 series of bonds between 21 and 23 September 2026, with subscriptions fully taken up at 2,000 million baht from general and institutional investors. The bonds carry a three-year term and a coupon of 5.75% per annum. They are long-term, registered, unsubordinated, unsecured bonds with a bondholders' representative. The fundraising strengthens JMART's capital position for managing its businesses and capturing growth opportunities across the group. TRIS Rating assigned the company a rating of "BBB" with a "Stable" outlook and rated the bonds "BBB-" with a "Stable" outlook on 14 July 2026. Adisak Sukumvitaya, Chief Executive Officer of JMART, thanked investors for their trust and said the company will use its strengthened capital position to support the group's operations under its "The Power of Synergy" strategy, which connects its retail, financial, and technology businesses into a single ecosystem.
SYNEX Unveils New Growth Engines to Tackle Rising Chip Costs at Krungsri Seminar
Panya Poonpermpholsiri, Chief Sales and Marketing Officer of Synnex (Thailand) Public Company Limited, or SYNEX, told an online seminar for institutional investors titled "Expensive Chips, Tight Supply: How IT Operators Are Changing the Game," organized by Krungsri Securities Public Company Limited, that the challenge facing IT operators today is not merely higher chip prices, but managing their businesses for growth amid uncertainty over costs, supply, and purchasing power, making inventory management, product mix allocation, and margin preservation all the more important. SYNEX is therefore pressing ahead with building new Growth Engines across multiple markets to reduce its reliance on growth from any single business, while extending from its distribution business toward value creation through solutions, services, and partnerships with allies. It sees growth sources shifting from the traditional devices market toward higher-value technology and services, including AI, data centers, cloud, cybersecurity, subscription software, and managed system services. The company is also upgrading its support for partners across the entire business process, from generating market demand and designing and delivering solutions to expanding into recurring revenue, particularly in the cloud and AI segments through dedicated specialist teams, alongside after-sales service, product buyback, financial services, and product protection, in order to add value throughout the customer lifecycle.
SYNEX.BK · Demand · Positive SYNEX is building new Growth Engines and expanding into AI, data centers, cloud, cybersecurity, and managed services to drive growth beyond traditional devices.
TD Synnex Q3 2026: Record Billings Surge 40% to $31.8 Billion as Hyve Jumps 117%
TD Synnex Corp reported record quarterly results with non-GAAP gross billings of $31.8 billion, up 40% year-over-year and above the high end of guidance. Non-GAAP operating income rose 55% to $736 million and non-GAAP EPS climbed 59% to $5.68, also above the high end of guidance, while GAAP operating income rose 68% to $643 million and GAAP EPS rose 89% to $5.18. Within the total, the Distribution segment contributed $24.8 billion in gross billings, up 27% year-over-year with double-digit growth in every region, and the Hyve segment contributed $7 billion, up 117%, with Hyve manufacturing gross billings growing in excess of 130% and supply chain services up in excess of 90%. Hyve's non-GAAP operating margin narrowed to 3.61% from 5.04% a year earlier on lower-margin large AI server programs, and free cash flow was a consumption of approximately $1 billion driven by higher inventory in Hyve's supply chain business and new customer programs. For the fourth quarter, TD Synnex guided to non-GAAP gross billings of approximately $31.9 billion, plus or minus $500 million, revenue of approximately $22.2 billion, plus or minus $400 million, and non-GAAP diluted EPS of approximately $5.90, plus or minus $0.25, up about 54% at the midpoint. The company returned $100 million in share repurchases and $38 million in dividends during the quarter and declared a quarterly dividend of $0.48 per share.
SNX · Capital · Positive TD Synnex reported record Q3 billings up 40% to $31.8B with EPS up 59%, both above guidance, plus buybacks and dividends
SNX · Demand · Positive Hyve segment billings jumped 117% with manufacturing up over 130% and supply chain services up over 90% on large AI server programs
Arrow Electronics Raises EPS Guidance After Strong Q2 Results
Arrow Electronics reported a strong second quarter, with revenues surpassing analyst expectations, and raised its earnings-per-share guidance for the next quarter. The company also delivered the largest guidance increase and fastest revenue growth among its engineered components and systems peers, highlighting its relative operational strength in the sector. Among recent announcements, Arrow's expanded distribution rights for Hewlett Packard Enterprise networking solutions in North America and parts of EMEA stand out as especially relevant, tying Arrow more closely to cloud, AI ready infrastructure, and recurring service opportunities. Arrow Electronics' narrative projects $49.4 billion revenue and $1.6 billion earnings by 2029, requiring 11.2% yearly revenue growth and an earnings increase of about $800 million from $811.6 million today. The most optimistic analysts were already modeling revenue of about US$49.7 billion and earnings of roughly US$1.8 billion, so the upside surprise could either validate that bullish view or prompt a rethink of how much margin pressure really matters.
ARW · Capital · Positive Arrow reported strong Q2 results with revenue beating expectations and raised its EPS guidance for the next quarter.
ARW · Demand · Positive Arrow expanded its distribution rights for HPE networking solutions in North America and parts of EMEA, tying it to cloud/AI-ready infrastructure and recurring service opportunities.
HPE · Demand · Neutral HPE is mentioned only as the vendor whose networking solutions Arrow gained expanded distribution rights for, with no direct HPE-specific development.
VCOM eyes record fourth quarter of 2026, full-year revenue on track to hit 2.2 billion baht target
VCOM Technology Public Company Limited, or VCOM, is signalling that its fourth-quarter 2026 results will recognise a large chunk of revenue from projects delayed out of the third quarter of 2026. Managing Director Songsi Srirungruangjit told "Than Hoon" that third-quarter 2026 performance may fall short of the target set, because some projects had their revenue recognition pushed back, and that revenue will be recognised in the fourth quarter of 2026 in a fairly large amount. Overall, however, the company is keeping its full-year 2026 revenue target at approximately 2.2 billion baht and expects full-year results to meet the target or projection, with a chance of setting a new high. For its 2027 direction, the company will focus mainly on private-sector projects, since government investment in information technology remains limited. It is also preparing a strategy to place greater emphasis on artificial intelligence, or AI, businesses, and will increase the share of revenue from services, especially AI-related services, in order to lift gross margin and restructure revenue toward a higher proportion of work that creates greater added value. The company assesses that under current economic conditions, driving sales growth of 10 to 20 percent as in the past may be harder to achieve, so it is giving more weight to improving profitability instead.
VCOM.BK · Capital · Positive VCOM expects Q4 2026 to recognize a large chunk of delayed revenue and keeps its full-year 2026 revenue target of ~2.2 billion baht on track, with a chance of a new high.
JMART closes 2,000 million baht bond sale at 5.75% interest
Jaymart Group Holdings Public Company Limited, or JMART, successfully issued and offered its second bond series of 2026 between September 21 and 23, 2026, with subscriptions fully taken up at 2,000 million baht amid strong demand from both retail and institutional investors. The bonds carry a three-year term and a coupon of 5.75% per annum. They are long-term, registered, unsubordinated, unsecured bonds with a bondholders' representative. The fundraising strengthens JMART's capital position for managing its business and capturing growth opportunities across the group. TRIS Rating assigned the company a credit rating of BBB with a Stable outlook and rated the bonds at BBB- with a Stable outlook on July 14, 2026. Adisak Sukumvitaya, Chief Executive Officer of JMART, thanked investors for their trust and said the company will use its strengthened capital position to support the group's operations under its The Power of Synergy strategy, which connects its retail, financial, and technology businesses into a single ecosystem.
JMART.BK · Capital · Positive JMART fully subscribed a 2,000 million baht 3-year bond at 5.75%, strengthening its capital position for group operations and growth.
JMART closes 2,000 million baht bond offering with 5.75% annual interest
Jaymart Group Holdings Public Company Limited, or JMART, successfully issued and offered its second bond series of 2026 between September 21 and 23, 2026, with subscriptions fully taken up at 2,000 million baht from general and institutional investors. The bonds carry a three-year term and a coupon of 5.75% per annum. They are long-term, registered, unsubordinated, unsecured bonds with a bondholders' representative. The fundraising strengthens JMART's capital readiness to run its business and capture growth opportunities across the group. TRIS Rating assigned the company a credit rating of "BBB" with a "Stable" outlook and rated the bonds "BBB-" with a "Stable" outlook on July 14, 2026. Adisak Sukumvitaya, Chief Executive Officer of JMART, thanked investors for their trust and said the company will use its capital readiness to support the group's operations under its "The Power of Synergy" strategy, which connects the ecosystem across its retail, finance, and technology businesses.
JMART.BK · Capital · Positive JMART fully subscribed a 2,000 million baht 3-year bond offering at 5.75%, strengthening its capital readiness for group growth.
JMART closes 2,000 million baht bond offering at 5.75% interest amid strong investor demand
Jaymart Group Holdings Public Company Limited, or JMART, has closed its 2/2026 bond offering with a total value of 2,000 million baht after receiving overwhelming demand from general and institutional investors. The subscription period ran from 21 to 23 September 2026, and the full 2,000 million baht was subscribed. The bonds carry a three-year term and a coupon of 5.75% per annum. They are long-term, registered, unsubordinated, unsecured bonds with a bondholders' representative. Adisak Sukumvitaya, Chief Executive Officer of JMART, said the fundraising strengthens the company's capital readiness for business management and supports growth opportunities across the group under its The Power of Synergy strategy, which connects an ecosystem spanning retail, finance, and technology. TRIS Rating assigned the company a credit rating of BBB with a Stable outlook and rated the bonds at BBB- with a Stable outlook on 14 July 2026.
Kasikorn Securities Expects SIS Q3 2026 Normal Profit to Grow 17%, Target Price 26.63 Baht
Kasikorn Securities estimates that the normal profit of SIS Distribution (Thailand) Public Company Limited, or SIS, in the third quarter of 2026 will be 252 million baht, up 17% year-on-year and 11% quarter-on-quarter, after management provided information during a call with the CFO on September 23 that the business outlook for this year remains strong. Third-quarter 2026 sales are expected to grow both year-on-year and quarter-on-quarter across all business groups, including the commercial customer group, the consumer group, the enterprise customer group, and others, except smartphones, which are expected to weaken year-on-year. The commercial and consumer groups are likely to grow at double-digit rates year-on-year on the back of a strong PC and notebook replacement cycle in both the private and public sectors. Overall gross margin is expected at 7.4–7.6%, down slightly from 7.6% in the third quarter of 2025, due to a higher proportion of lower-margin government project sales. Solar products account for roughly 2–3% of revenue this year. Under the assumptions of 12% year-on-year sales growth in the third quarter of 2026, a 7.3% gross margin, and SG&A at 3.7% of revenue, normal profit for the first nine months of 2026 will be 673 million baht, up 4% year-on-year, or 76% of the full-year 2026 normal profit forecast. The research team maintains a Buy recommendation with a mid-2027 target price of 26.63 baht, expecting earnings per share to grow 13% in 2026 and offering a dividend yield of 5.8%. It also notes that a price level of 23 baht or below is an attractive point to re-enter the investment.
SIS.BK · Capital · Positive Kasikorn Securities maintains Buy with a 26.63 baht target, forecasting Q3 2026 normal profit up 17% YoY and 13% EPS growth in 2026.
ILINK benefits from 1,500-megawatt community solar gazette, boosting solar cable sales
Sombut Anantrumporn, Chairman of Interlink Communication Public Company Limited, or ILINK, disclosed that the Royal Gazette has published the Energy Regulatory Commission's regulation on power procurement from community solar farm projects for 2026, which sets a combined ground-mounted solar power capacity of 1,500 megawatts and requires commercial operation within 18 months of signing the power purchase agreement. The company views this as a positive development, particularly for its solar cable product group under the LINK brand, and expects it to help drive revenue from its import and distribution business, which accounts for about 50% of its revenue structure. Its project engineering business accounts for roughly 10%, with the remainder coming from other businesses such as internet network leasing services. For the third quarter of 2026, the company expects an improvement from the same period a year earlier, driven by clear growth in its overall import and distribution business, in line with expanding cloud service and AI investment in Thailand. ILINK is maintaining its full-year 2026 revenue estimate at about 4 billion baht, after posting revenue of about 1.78 billion baht in the first half of this year, while its backlog in the engineering business awaiting recognition has risen by about 2.8 billion baht, including a 115-kilovolt high-voltage submarine cable project in the Koh Samui area, which is expected to recognize revenue over roughly the next three years. Meanwhile, Krungsri Securities Public Company Limited has issued a buy recommendation on ILINK with a target price of 7.00 baht, expecting second-half 2026 profit to grow from the first half, when profit was about 148 million baht, and projecting full-year 2026 profit growth of about 7.7% from 2025.
ILINK.BK · Demand · Positive The 1,500-MW community solar gazette is expected to boost ILINK's LINK-brand solar cable sales and import/distribution revenue.
ILINK.BK · Capital · Positive Krungsri Securities issued a buy recommendation on ILINK with a 7.00 baht target price, projecting full-year 2026 profit growth of about 7.7%.
Krungsri Securities Public Company Limited · Capital · Neutral Krungsri Securities is only mentioned as the issuer of the buy rating on ILINK, not as a subject of the news.
TD SYNNEX to Report Earnings Thursday, Revenue Seen Up 21.4%
TD SYNNEX will report its quarterly results Thursday before the bell, with the market expecting revenue to grow 21.4% year on year. That would improve on the 6.6% increase the IT distribution giant recorded in the same quarter last year. Last quarter, TD SYNNEX reported revenues of $19.57 billion, up 31% year on year, beating analysts' revenue expectations along with their EPS estimates and guidance for the next quarter. Analysts have generally reconfirmed their estimates over the last 30 days, and TD SYNNEX rarely misses Wall Street's revenue estimates. TD SYNNEX is the first among its peers to report this season, and its shares are up 18.2% over the last month while the tech hardware and electronics segment is down 1.1% on average.
SNX · Capital · Neutral TD SYNNEX is the subject, but the article only previews upcoming earnings expectations (revenue seen up 21.4%) with no actual result yet.
SIS expects continued growth in Q3 2026, solar business surges fivefold, targets ROE of no less than 20%
Somchai Sitthichaisrichart, Managing Director of SIS Distribution (Thailand) Public Company Limited, or SIS, disclosed that the earnings outlook for the third quarter of 2026 remains strong, with sales of IT products continuing to expand, particularly for the Samsung and Xiaomi brands. Meanwhile, the solar cell business has grown as much as fivefold compared with last year, and it is expected to keep growing several times over next year from a larger base. At present, the company has approximately 100 to 200 customers or agents who buy products for resale. The company is being supported by government measures that provide 50,000 baht per household for solar installation, with a target of covering 1.5 million households, as well as a people's solar project of another 10,000 megawatts. However, in the third quarter of 2026, solar cell sales slowed because of heavy rain and because people delayed installations to wait for subsidies, so clear positive results are expected in the fourth quarter of 2026 through the first quarter of 2027. In the first half of the year, the company had total net profit of 525 million baht and total revenue of 15.785 billion baht, and it has set a target of return on equity, or ROE, of no less than 20%.
SIS.BK · Demand · Positive SIS expects strong Q3 2026 earnings with IT product sales expanding and solar cell business growing fivefold, supported by government solar installation measures.
005930.KO · Demand · Positive SIS reports continued expansion in sales of Samsung brand IT products.
1810.HK · Demand · Positive SIS reports continued expansion in sales of Xiaomi brand IT products.
TD SYNNEX Set to Report Q3 Fiscal 2026 Results on Sept. 24
TD SYNNEX is scheduled to report third-quarter fiscal 2026 results on Sept. 24, before market open. The company expects non-GAAP earnings per share between $4.25 and $4.75, against a consensus mark of $4.64 per share, which would represent an increase of 29.6% from the prior-year quarter's reported figure. Revenue for the quarter is expected between $18.2 billion and $19 billion, with the consensus estimate pegged at $18.8 billion, suggesting growth of approximately 20% from the year-ago quarter. TD SYNNEX has beaten the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 21.7%, and the Zacks model predicts another beat this time, with an Earnings ESP of +7.37% and a Zacks Rank #2. Growth is expected to be supported by demand for AI infrastructure, enterprise IT modernization, cloud and cybersecurity, with the Hyve Solutions division remaining a key driver as hyperscalers expand AI and cloud infrastructure deployments.
TD SYNNEX Eyes Another Earnings Beat With Positive ESP
TD SYNNEX is positioned to potentially extend its earnings-beat streak when it reports next on September 24, 2026, according to Zacks Investment Research. The company has topped consensus estimates in each of its last two quarters, with an average surprise of 32.13%. In the most recent reported quarter, TD SYNNEX posted earnings of $4.85 per share against a Zacks Consensus Estimate of $4.07, a surprise of 19.16%, following a prior-quarter surprise of 45.09% on earnings of $4.73 per share versus an expected $3.26. TD SYNNEX currently carries a Zacks Earnings ESP of +7.37% and a Zacks Rank #2 (Buy), a combination that Zacks research shows produces a positive surprise nearly 70% of the time.
SNX · Capital · Positive Zacks flags TD SYNNEX with a positive Earnings ESP of +7.37% and Rank #2 (Buy), pointing to a likely earnings beat on September 24, 2026.
SPREME expects record revenue in 2026 after securing a backlog of 5.65 billion baht
Supreme Distribution, or SPREME, expects revenue in 2026 to set a new all-time high, continuing on from the previous year. As of the end of the second quarter of 2026, the company had a backlog of 5.6518 billion baht, which will be gradually recognised as revenue from the third quarter of 2026 through to 2031. Chief Executive Officer Phanuwat Khanthamoleekul said that in the second half of the year the company will accelerate delivery of all System Integrator, or SI, work in the backlog, while gradually recognising revenue from lease contracts that provide continuity, and it also has opportunities to win bids and receive new project orders from its pipeline to strengthen its revenue base going forward. The company places importance on the quality of its revenue and its profitability through close management of project costs, control of financial costs, and selection of projects with appropriate margins, while the growing share of recurring income from the lease business helps create continuity in revenue streams and reduces reliance on revenue from project delivery alone.
SPREME.BK · Demand · Positive SPREME secured a 5.65 billion baht backlog of SI work and lease contracts, with revenue to be recognized through 2031, supporting record 2026 revenue.
COM7 and CPW Eye Q4 2026 High Season as iPhone 18 Pro Series Pre-Orders Surge
Shares of COM7 and CPW are benefiting from the buzz around the iPhone 18 Series, especially the Pro and Pro Max models, whose advance pre-orders are growing faster than those of the previous generation, while Trade-in registrations have jumped more than 100%. Kaewjirai Kemasit, Senior Director of the Apple Product Group at Comseven Public Company Limited, or COM7, said the iPhone 18 Pro Max in Burgundy and Glacier are the most popular models. COM7 is preparing offers of 0% installment plans through credit cards for up to 36 months and UFUND loans for up to 48 months, along with special privileges worth up to 10,000 baht, and will deliver products through a network of more than 1,300 branches nationwide. Paphavee Rujcharoentham, Director of Retail at Copperwired Public Company Limited, or CPW, said the atmosphere on the first day of sales on September 18, 2026, was lively. CPW is preparing for the launch of the iPhone Duo, which will open for pre-orders on October 16 and go on sale on October 23, 2026, and expects the fourth quarter of 2026, a high season, to be boosted by a full quarter of iPhone 18 Pro Series sales recognition. CPW currently has a total of 111 retail stores, covering Apple Brand Shops and leading technology stores such as iStudio by copperwired, U.Store by copperwired, Dotlife, and TECHHOUSE by Dotlife.
COM7.BK · Demand · Positive COM7 sees faster-growing iPhone 18 Pro/Pro Max pre-orders and >100% jump in trade-in registrations, driving product demand at its 1,300+ branches.
CPW.BK · Demand · Positive CPW reports lively first-day iPhone 18 sales and expects Q4 2026 high season boosted by a full quarter of iPhone 18 Pro Series sales recognition.
Kasikorn Securities Maintains Buy on SYNEX with 11.47 Baht Target, Citing IT and Apple Demand in Second Half of 2026
Kasikorn Securities, or KS, said in an analysis that it maintains a positive view on the growth outlook for Synnex (Thailand), or SYNEX, in the second half of 2026 after attending the company's Partner Connect 2026 event on September 10, 2026. SYNEX estimates that Thailand's information technology spending in 2026 will be approximately 1.1 trillion baht, up 8.4% from the previous year, while Gartner data as of April 2026 showed device spending up 8.2%, IT services up 9.0%, software up 15.1%, and data center systems up 55.8%. The company expects sales of Apple products to grow from the previous year, driven by new products in the iPhone 18 Series, and maintains its 2026 sales target at 53 billion baht, up 12% from the previous year. KS expects SYNEX's sales in the third quarter of 2026 to grow both year-on-year and quarter-on-quarter, supported by still-strong hardware replacement demand in both the private and public sectors, together with higher average selling prices for Android smartphones and Apple products. It maintains a buy recommendation with a target price of 11.47 baht, viewing any share price weakness after the launch of new iPhone models as an opportunity to accumulate at 9.20 baht or below, which reflects SYNEX's lowest PER in 14 years. It expects normal profit in 2026 to grow 14%, while Core EPS over the three-year period has an average annual growth rate of 10.4%.
SYNEX.BK · Capital · Positive KS reiterates Buy with an 11.47 baht target price and expects 2026 normal profit to grow 14%.
SYNEX.BK · Demand · Positive KS maintains Buy on SYNEX, citing strong IT hardware replacement demand, Apple product growth, and a 53 billion baht 2026 sales target.
AAPL · Demand · Positive SYNEX expects Apple product sales to grow on new iPhone 18 Series, signaling strong end-customer demand for Apple devices in Thailand.
SYNNEX Hosts PARTNER CONNECT 2026, Launches SYNNEX Care+ as It Moves Toward Value Creation Partner
SYNNEX (Thailand) Public Company Limited, or SYNNEX, hosted the event "SYNNEX PARTNER CONNECT 2026: Empowering the Future." Chief Executive Officer Suthida Mongkolsuthree said the company is elevating its role from Technology Distributor to Value Creation Partner. The event featured technology and solutions from more than 30 leading brands, spanning Consumer, Commercial and Enterprise Solution products, as well as Software, Cloud, Artificial Intelligence, and Green Energy Solution. The company also presented services from its affiliates, including "SWOPMART Trade-In," a device trade-in service, and "SERVICE POINT," an end-to-end technology service provider covering Solar, CCTV, Network, Data Center, Security, System Integration and Cloud. It is further expanding its ecosystem through "Prompt Money," a financial support platform, and "Ice Cream," an insurance partner. In addition, the company is launching "SYNNEX Care+," a service for insurance and protection of technology devices in the Consumer Device group, covering repair or replacement of devices under the applicable conditions. The event was held at the Grand Center Point Lumphini Hotel in Bangkok and also included an awards ceremony honoring outstanding partners.
SYNEX.BK · Technology · Positive SYNNEX launched SYNNEX Care+ device insurance/protection service and showcased new solutions, expanding its product and service offerings.
SYNEX Hosts SYNNEX PARTNER CONNECT 2026, Launches SYNNEX Care+ to Drive AI and Cloud
SYNEX (Thailand) Public Company Limited, or SYNEX, a leader in comprehensive IT and technology distribution, hosted the event "SYNNEX PARTNER CONNECT 2026: Empowering the Future," led by Chief Executive Officer Suthida Mongkolsuthree, who brought together the management team, global technology partners, and dealers nationwide to create new business opportunities through technology, innovation, and services that meet the needs of the future market. The event gathered technologies and solutions from more than 30 leading brands, spanning Consumer, Commercial, and Enterprise Solution as well as Software, Cloud, AI, and Green Energy Solution. It also presented end-to-end services from SYNEX group companies, namely "SWOPMART Trade-In" and "SERVICE POINT," a provider of end-to-end technology services covering design, installation, and maintenance across Solar, CCTV, Network, Data Center, Security, System Integration, and Cloud through a nationwide partner network. In addition, SYNEX joined forces with partners including "Prompt Money," a financial support platform, and "Ice Cream," an insurance services partner, and launched the "SYNNEX Care+" service, an insurance and protection service for technology devices in the Consumer Device group, covering repair or replacement of devices under specified conditions. This milestone marks SYNEX's step toward elevating its role from Technology Distributor to Value Creation Partner that connects products, solutions, services, and business opportunities together, while driving growth and creating shared, sustainable value over the long term.
SYNEX.BK · Demand · Positive SYNEX hosted its Partner Connect 2026 event and launched SYNNEX Care+ insurance/protection service, expanding its product and service offerings to partners and dealers.
Avnet and HKU Open EMUS Lab to Speed AI Hardware Commercialization
Avnet and The University of Hong Kong have officially opened the Emerging Microelectronics and Ubiquitous Systems Lab, or EMUS Lab, a collaborative innovation hub at the Data Technology Hub in Tseung Kwan O InnoPark aimed at accelerating AI hardware commercialization. The Lab focuses on next-generation technologies including edge AI, physical AI, robotics, high-performance computing and emerging microelectronics, offering innovators engineering consultation, GPU computing resources, prototyping support, manufacturability assessments and supply chain expertise. One of its first major industry engagement initiatives is the DfMA Launchpad for AI MMP Programme, a 12-month co-incubation programme linking EMUS Lab, Avnet and the startup ecosystem of Hong Kong Science and Technology Parks Corporation, which has already selected 27 startup teams to participate. Research supported by Avnet-sponsored GPU infrastructure has contributed to publications in Nature family journals and presentations at leading AI conferences including ICLR and ICML. Arthur Chung, Vice President, Sales and Supplier Management, Asia, at Avnet, said building a great AI model is only the beginning and that turning AI innovation into a reliable, manufacturable and scalable product remains one of the biggest barriers to commercialization. Prof. Ngai Wong, Associate Professor at the Department of Electrical and Computer Engineering at HKU Faculty of Engineering and Director of EMUS Lab, said the Lab was established to bridge the gap between cutting-edge research and real-world application.
SIMAT sells 40% stake in SMH for 22 million baht, reducing holding to 30%
Simat Technology Public Company Limited, or SIMAT, announced that its board of directors approved the sale of ordinary shares of Simit Health Company Limited, or SMH, which operates a medical laboratory business as well as the sale, rental, and servicing of X-ray machines, computed tomography scanners, and medical equipment. SIMAT is selling 2.2 million SMH shares, representing 40% of the total, to Mr. Apisit Honglawal, at 10 baht per share, for a total value of 22 million baht. The buyer has no relationship with and is not a connected person of the company. After the transaction, SIMAT's stake in SMH will fall from 70% to 30%, causing SMH to cease being a subsidiary of SIMAT. The transaction aims to improve the company's structure for greater efficiency, manage risk, revise its business plan, and raise funds to support investment and business expansion.
SIMAT.BK · Capital · Neutral SIMAT sells its 40% stake in SMH for 22 million baht, cutting its holding from 70% to 30% and deconsolidating SMH, to raise funds and restructure.
Simit Health Co., Ltd. · Capital · Neutral SMH's 40% stake is sold by SIMAT to an unrelated buyer, reducing SIMAT's ownership to 30% and ending its subsidiary status.
SYNNEX Hosts PARTNER CONNECT 2026, Launches SYNNEX Care+ to Elevate the Technology Ecosystem
SYNNEX (Thailand) Public Company Limited, or SYNNEX, led by Chief Executive Officer Suthida Mongkolsuthree, hosted the event "SYNNEX PARTNER CONNECT 2026: Empowering the Future" at the Grand Centre Point Hotel Lumphini in Bangkok, joining forces with global technology partners and dealers nationwide to elevate the Technology Ecosystem and create future business opportunities. The event brought together technology and solutions from more than 30 leading brands, spanning Consumer, Commercial, and Enterprise Solutions through to Software, Cloud, AI, and Green Energy Solutions. It also showcased end-to-end services from group companies, including "SWOPMART Trade-In" and "SERVICE POINT," an end-to-end technology service provider covering everything from design and installation to maintenance, spanning Solar, CCTV, Network, Data Center, Security, System Integration, and Cloud through a nationwide partner network. In addition, SYNNEX joined forces with partners including "Prompt Money," a financial support platform, and "Ice Cream," an insurance service partner, and launched "SYNNEX Care+," an insurance and protection service for technology devices in the Consumer Device segment, covering repair or replacement of devices under specified conditions. This milestone marks SYNNEX's move to elevate its role from Technology Distributor to Value Creation Partner, connecting products, solutions, services, and business opportunities together. The event also featured special activities and an award ceremony honoring partners with outstanding performance and significant contributions to SYNNEX's growth.
SYNEX.BK · Demand · Positive SYNNEX hosted PARTNER CONNECT 2026 with 30+ brands and launched SYNNEX Care+, expanding its product/service offerings and partner network to drive business opportunities.
SAMART pushes ahead with smart meters and batteries, combined work value 4,000 million baht
Samart Corporation Public Company Limited, or SAMART, is pressing forward in the Data & AI business and preparing to continuously bid for government work, after having many projects currently under tender. It is also expanding its Smart Meter and battery work by installing digital systems for the Provincial Electricity Authority (PEA) to support the transition to a smart grid. Mr. Rattanun Wilailak, Senior Manager of Business Development and Investor Relations at SAMART, told the Hoons Vision news team that most of the work remains projects from government agencies, a market that grows in line with the push for digital policy and the allocation of government technology budgets. The company places importance on applying Data and AI technology to improve operational efficiency, including data analysis, management, and reducing operating time, alongside training to develop personnel skills. For the battery systems and Smart Meter business, the company is in the process of carrying out a project to install new digital systems for PEA to switch from traditional electricity meters to digital meters, which is a key foundation for developing a smart grid. Taking the battery work and the Smart Meter project together, the current combined value is approximately 4,000 million baht.
SAMART.BK · Demand · Positive SAMART is carrying out PEA smart meter and battery projects worth a combined ~4,000 million baht, with more government work under tender.
SIMAT approves sale of 40% stake in Simat Health for 22 million baht
Simat Technology Public Company Limited, or SIMAT, informed the Stock Exchange of Thailand that its board of directors, at its 5/2569 meeting on September 1, 2026, approved the sale of 2,200,000 ordinary shares of Simat Health Company Limited, or SMH, a subsidiary, representing 40% of all shares, to Mr. Apisit Hongsalawat, who is not a connected person of the company, at 10 baht per share, for a total value of 22 million baht. After the transaction, SIMAT's shareholding in SMH will decrease from 70%, or 3.849 million shares, to 30%, or 1.649 million shares, causing SMH to cease being a subsidiary and to change its status to an associate of SIMAT. SMH has registered and paid-up capital of 55 million baht and operates a medical laboratory business, including the sale, rental, and servicing of X-ray machines, computed tomography scanners, and radiology medical equipment. SIMAT stated that the purpose of the transaction is to improve the efficiency of its business structure, manage risk, revise its business plan, and raise funds to support investment and business expansion.
SIMAT.BK · Capital · Neutral SIMAT's board approved selling 40% of Simat Health for 22 million baht, cutting its stake from 70% to 30% and deconsolidating the subsidiary to raise funds for expansion.
Simit Health Co., Ltd. · Capital · Neutral Simat Health's 40% stake is being sold to a non-connected buyer, reducing SIMAT's holding to 30% and making it an associate rather than a subsidiary.
ScanSource Closes $220.5 Million MicroAge Acquisition
ScanSource Inc. has closed its all-cash acquisition of MicroAge, a full-service solutions integrator with a 50-year legacy of enterprise support, in a deal valued at $220.5 million and financed through ScanSource's existing credit facility. Management expects the acquisition to be accretive to gross profit margin, adjusted EBITDA margin and non-GAAP EPS in the first year following closing, while also being free-cash-flow positive, and says it expands ScanSource's capabilities in higher-margin IT solutions and services including cloud, cybersecurity, data center and AI. The announcement follows ScanSource's fiscal 2026 fourth quarter results, in which net sales rose 17.3% to $953.1 million and non-GAAP diluted EPS of $1.46 surged 43.1% from the same period last year. The deal adds leverage because ScanSource is relying on borrowings to finance it, and management's expected margin, earnings and free-cash-flow benefits remain projections rather than realized results. Institutional data tracked by Insider Monkey shows hedge fund exposure to ScanSource rose to 20 funds by the end of the second quarter of 2026 from 16 in the previous quarter, with BlackRock the largest institutional investor at 3.84 million shares, or 19.07% of outstanding shares.
SCSC · Capital · Positive ScanSource closed $220.5M all-cash MicroAge acquisition expected accretive to margins, EBITDA and EPS
SCSC · Demand · Positive Deal expands ScanSource's higher-margin IT solutions and services capabilities including cloud, cybersecurity, data center and AI
MicroAge · Capital · Positive MicroAge acquired by ScanSource for $220.5 million in all-cash deal
ScanSource Completes $220.5 Million MicroAge Acquisition
ScanSource completed its all-cash acquisition of MicroAge for $220.5 million on September 2, just two weeks after the deal was first announced on August 20. The purchase was funded by drawing on ScanSource's existing credit facility, adding to a balance sheet that carried $101.4 million of total debt and $88.4 million of cash as of June 30. The deal layers an IT solutions integrator with roughly 2,400 clients and more than 200 employees onto a distributor that has historically made its money moving hardware, and ScanSource has said it should lift gross margin, EBITDA margin and non-GAAP earnings per share within its first year. The closing followed a fourth quarter in which net sales rose 17.3% year over year to $953.1 million, diluted GAAP earnings per share jumped from $0.88 to $1.24, and non-GAAP earnings per share rose from $1.02 to $1.46. Fiscal 2027 guidance of 6% to 10% net sales growth and $158 million to $165 million of adjusted EBITDA was issued on August 20, before the MicroAge deal closed, and specifically excludes it.
SCSC · Capital · Positive ScanSource completed its $220.5M all-cash MicroAge acquisition, expected to lift gross margin, EBITDA margin and non-GAAP EPS within the first year
MicroAge · Capital · Positive MicroAge was acquired by ScanSource for $220.5 million in an all-cash deal
TD SYNNEX Named Distributor for Hammerhead AI's ORCA Power Software
Hammerhead AI announced a collaboration naming TD SYNNEX as distributor for its ORCA software, giving the distributor a standardized AI power-orchestration SKU that lets data center operators convert stranded power into AI-ready capacity through TD SYNNEX's global reseller network. The agreement aligns with TD SYNNEX's Destination AI program and lands as the market watches its Hyve data center segment ahead of upcoming earnings. TD SYNNEX's narrative projects $90.7 billion revenue and $1.6 billion earnings by 2029, yielding a $333.55 fair value and 27% upside to its current price, while some of the most optimistic analysts already assumed revenue of about US$97.9 billion and earnings of US$1.7 billion by 2029. The company still faces risks around margin pressure, customer concentration, and a possible slowdown after recent pull-forward demand.
SNX · Demand · Positive Named distributor for Hammerhead AI's ORCA power software, adding an AI power-orchestration SKU to its reseller network and Destination AI program
Hammerhead AI · Demand · Positive Hammerhead AI's ORCA software gains TD SYNNEX's global reseller distribution network
SEC fines 8 individuals 39.3 million baht for manipulating SIMAT-W3 and TNDT, imposes bans of up to 14 years
The Securities and Exchange Commission, or SEC, announced civil penalty action against eight wrongdoers for jointly creating price or trading volume in the warrants to purchase ordinary shares of Simat Technologies Public Company Limited, or SIMAT-W3, and the shares of Thai NDT Public Company Limited, or TNDT. The eight were ordered to pay a total of 39,340,932.73 baht under civil sanctions, along with bans on trading securities and derivatives and on serving as directors or executives of securities-issuing companies or securities firms. The eight defendants are Mr. Khajornkiat Ungaram, Miss Raphatporn Trongwongsa, Mr. Kraiwit Tangsanga, Miss Wariya Khemthongpradit, Mr. Thanapon Khemthongpradit, Mr. Sitthapavee Chawarangkoon, Mr. Naruesorn Weerachatwattana, and Miss Kannika Jarupan. The SEC received information from the Stock Exchange of Thailand and, on further investigation, found that between May and August 2021 the eight wrongdoers, who were linked financially and personally, continuously placed buy and sell orders in a manner that was coordinated and mutually supportive, causing the price and trading volume of SIMAT-W3 and TNDT shares to rise abnormally beyond normal market conditions. The conduct was divided into four periods. The first period, from 31 May 2021 to 7 June 2021, involved seven wrongdoers. The second period, from 15 June 2021 to 28 June 2021, involved eight wrongdoers. The third period, from 2 June 2021 to 10 June 2021, involved eight wrongdoers. The fourth period, from 23 June 2021 to 9 August 2021, involved eight wrongdoers. The Civil Sanctions Consideration Committee resolved to apply civil sanctions. The defendant Miss Raphatporn must pay a total of up to 14,243,708.18 baht and is banned from trading securities or derivatives for 56 months and from serving as a director or executive for 112 months. Miss Wariya received the longest trading ban at 84 months and a 168-month, or 14-year, ban on serving as a director or executive, the longest ban in this case. The civil fines and compensation for benefits obtained from the wrongdoing are state revenue remitted to the Ministry of Finance.
SEC imposes civil penalties on 8 individuals for manipulating SIMAT-W3 and TNDT prices, totaling 39.3 million baht
The SEC announced civil penalty proceedings against 8 offenders for jointly creating price or trading volume in the warrants to purchase ordinary shares of Simat Technologies Public Company Limited, or SIMAT-W3, and shares of Thai NDT Public Company Limited, or TNDT. The total civil penalty payment ordered amounts to 39,340,932.73 baht, along with prohibitions on trading securities and derivatives and on serving as a director or executive of a securities issuer or securities company. The 8 offenders are Mr. Kajornkiat Ungaram, Miss Raphatporn Trongwongsa, Mr. Kraiwit Tangsanga, Miss Wariya Khemthongpradit, Mr. Thanapon Khemthongpradit, Mr. Sittapavee Chawarangkoon, Mr. Naruesorn Weerachartwattana, and Miss Kannika Jarupan, who are linked both financially and personally. The investigation found continuous coordinated and mutually supportive trading orders across 4 periods between May and August 2021. Period 1, from 31 May 2021 to 7 June 2021, involved 7 offenders manipulating the price of SIMAT-W3. Period 2, from 15 June 2021 to 28 June 2021, involved 8 offenders manipulating the price of SIMAT-W3. Period 3, from 2 June 2021 to 10 June 2021, involved 8 offenders manipulating the price of TNDT shares. Period 4, from 23 June 2021 to 9 August 2021, involved 8 offenders manipulating the price of TNDT shares. The Civil Penalty Consideration Committee resolved to apply civil penalties to all 8 offenders, comprising civil fines, disgorgement of benefits received or expected to be received, reimbursement of the SEC's investigation expenses, and prohibitions on trading securities or derivatives and on serving as a director or executive of a securities issuer or securities company. Miss Raphatporn faces the highest total of 14,243,708.18 baht, a 56-month trading ban, and a 112-month director and executive ban. Next is Mr. Kraiwit with 10,276,246.47 baht, a 42-month trading ban, and an 84-month director and executive ban. Mr. Kajornkiat faces 3,999,535.18 baht, a 56-month trading ban, and a 112-month director and executive ban. Miss Wariya faces 2,210,295.18 baht, an 84-month trading ban, and a 168-month director and executive ban. Mr. Sittapavee faces 2,184,773.18 baht, Mr. Naruesorn 2,168,699.18 baht, Miss Kannika 2,139,997.18 baht, and Mr. Thanapon 2,117,678.18 baht, with all four receiving a 56-month trading ban and a 112-month director and executive ban. These measures will take effect as specified in the consent records signed by the offenders. If they do not consent, the SEC will request the public prosecutor to file a case with the Civil Court to impose civil penalties at the maximum rate prescribed by law, but not lower than the rate set by the Civil Penalty Consideration Committee. The civil fines and disgorgement payments are state revenue remitted to the Ministry of Finance.
SIMAT.BK · Regulation · Negative SEC imposed civil penalties on 8 individuals for manipulating the price of SIMAT-W3 warrants, a regulatory enforcement action tied to the company's securities.
SEC fines 8 individuals 39.34 million baht for manipulating SIMAT-W3 and TNDT prices
The Securities and Exchange Commission, or SEC, disclosed that its Civil Sanction Consideration Committee resolved to impose civil sanctions on eight wrongdoers who together created prices for SIMAT-W3 securities and TNDT shares between May and August 2021. The eight wrongdoers are Mr. Khajornkiat Ungaram, Miss Raphatporn Trongwongsa, Mr. Kraiwit Tangsanga, Miss Wariya Khemthongpradit, Mr. Thanapon Khemthongpradit, Mr. Sittapavee Chawarangkoon, Mr. Naruesorn Weerachartwattana, and Miss Kannika Jarupan. The conduct was divided into four incident periods, with the first and second involving the creation of prices for SIMAT-W3 securities and the third and fourth involving the creation of prices for TNDT shares. The wrongdoers continuously placed matching and mutually supporting buy and sell orders, matched trades among themselves, held buy or sell orders to prevent prices from falling, and split buy and sell orders into lots of thousands to tens of thousands of shares to create the appearance of heavy trading demand and mislead investors. The eight wrongdoers must pay civil fines, compensate an amount equal to the benefits received or that should have been received, and reimburse the SEC's expenses, totaling 39,340,933.03 baht. Mr. Khajornkiat pays 3,999,535.18 baht, Miss Raphatporn pays 14,243,708.18 baht, Mr. Kraiwit pays 10,276,246.47 baht, Miss Wariya pays 2,210,295.18 baht, Mr. Thanapon pays 2,117,678.18 baht, Mr. Sittapavee pays 2,184,773.18 baht, Mr. Naruesorn pays 2,168,699.18 baht, and Miss Kannika pays 2,139,997.18 baht. They are also banned from trading securities or derivatives for 42 to 84 months and banned from serving as directors or executives of securities-issuing companies or securities companies for 84 to 168 months, depending on the individual. The measures will take effect under the consent records for compliance with civil sanctions signed by the wrongdoers. If they do not consent, the SEC will ask public prosecutors to file a case with the Civil Court to impose civil sanctions at the maximum rate prescribed by law. The civil fines and compensation for benefits are state revenue to be remitted to the Ministry of Finance.
SIMAT.BK · Regulation · Negative SEC imposed civil sanctions on eight individuals for manipulating SIMAT-W3 securities prices between May and August 2021.
TNDT.BK · Regulation · Negative SEC imposed civil sanctions on eight individuals for creating prices in TNDT shares between May and August 2021.
Thai SEC Imposes Civil Penalties on 8 Individuals for Manipulating SIMAT-W3 and TNDT, Fines Totaling 39.3 Million Baht
The Securities and Exchange Commission (SEC) has imposed civil penalties on eight individuals for jointly creating price or trading volume in the warrants to purchase ordinary shares of Simat Technologies Public Company Limited, or SIMAT-W3, and shares of Thai NDT Public Company Limited, or TNDT. The total amount ordered under the civil penalty measures is 39,340,932.73 baht, along with prohibitions on trading securities and derivatives and on serving as a director or executive of a securities issuer or securities company. The eight individuals are Mr. Khajornkiat Ungaram, Ms. Rapatporn Trongwongsa, Mr. Kraiwit Tangsanga, Ms. Wariya Khemthongpradit, Mr. Thanapon Khemthongpradit, Mr. Sittapavee Chawarangkoon, Mr. Naruesorn Weerachartwattana, and Ms. Kannika Jarupan, who are linked both financially and personally. The SEC's investigation, following information from the Stock Exchange of Thailand, found continuous coordinated and mutually supportive trading orders across four periods between May and August 2021. The first period, from May 31 to June 7, 2021, involved seven offenders, while the second period, from June 15 to June 28, 2021, along with the third period, from June 2 to June 10, 2021, and the fourth period, from June 23 to August 9, 2021, involved all eight. The actions constitute the offense of securities price manipulation under Section 244/3(1)(2) in conjunction with Section 244/5 of the Securities and Exchange Act B.E. 2535, together with Section 83 of the Criminal Code. The Civil Penalty Consideration Committee resolved to impose civil fines, disgorgement of benefits received or that should have been received, and reimbursement of the SEC's expenses. Of the total, Ms. Rapatporn must pay the most at 14,243,708.18 baht, followed by Mr. Kraiwit at 10,276,246.47 baht and Mr. Khajornkiat at 3,999,535.18 baht, while the remaining five each pay just over 2.1 to 2.2 million baht. The trading prohibitions on securities or derivatives range from 42 to 84 months, and the bans on serving as a director or executive range from 84 to 168 months. If the offenders do not consent, the SEC will ask prosecutors to file a case with the Civil Court to impose civil penalties at the maximum rate prescribed by law. The fines and disgorgement payments are state revenue remitted to the Ministry of Finance.
SEC fines 8 individuals nearly 40 million baht for stock manipulation in SIMAT-W3 and TNDT
The Securities and Exchange Commission, or SEC, announced civil penalty proceedings against 8 offenders for jointly creating price or trading volume in the warrants to purchase ordinary shares of Simat Technologies, or SIMAT-W3, and shares of Thai NDT, or TNDT. They were ordered to pay civil penalties totaling 39,340,932.73 baht, along with bans on trading securities and derivatives and bans on serving as directors or executives of securities-issuing companies or securities companies. The 8 offenders are Mr. Khajornkiat Ungaram, Miss Raphatporn Trongwongsa, Mr. Kraiwit Tangsanga, Miss Wariya Khemthongpradit, Mr. Thanapon Khemthongpradit, Mr. Sittapavee Chawarangkoon, Mr. Naruesorn Weerachatwattana, and Miss Kannika Jarupan, who are linked both financially and personally. The investigation found they jointly placed buy and sell orders in a manner that was coordinated and mutually supportive on a continuous basis, causing the price and trading volume of SIMAT-W3 and TNDT shares to rise abnormally beyond normal market conditions, across 4 incident periods between May and August 2021. The first and second periods involved manipulation of SIMAT-W3, while the third and fourth involved manipulation of TNDT shares. Among the 8 offenders, Miss Raphatporn must pay the highest amount at 14,243,708.18 baht, followed by Mr. Kraiwit at 10,276,246.47 baht, while the rest pay between 2.1 million and just over 4 million baht each. They were banned from trading securities or derivatives for 42 to 84 months and banned from serving as directors or executives for 84 to 168 months. The civil fines and compensation for benefits gained from the offenses are considered state revenue to be remitted to the Ministry of Finance.
United States
