SYNEX rides AI, Apple and solar demand to lift 2026 outlook
Q2 profit beat and dividend SYNEX's Q2 2026 profit rose 17% to THB 223 million, beating expectations, and it declared an interim dividend of THB 0.10 per share. Brokers raised target prices to as high as THB 12.60, signalling confidence and likely supporting the stock.
This is the first report of strong earnings and dividend, a key positive catalyst for the stock.
Solar subsidy to boost demand The Finance Ministry plans to subsidize 50,000 baht per household for solar rooftop installations. Analysts see this benefiting SYNEX, which sells solar and energy solutions, potentially driving more sales and profit growth.
New government policy directly linked to SYNEX's energy business, a fresh demand driver.
New growth engines: AI, cloud, energy, DaaS SYNEX is expanding into AI infrastructure, cloud, energy, and device-as-a-service, with solar sales up 913% and inverters up 1,751% in the first half. It targets tenfold cloud growth with AWS and recurring revenue from DaaS, positioning for long-term growth.
New strategic initiatives that diversify revenue and could drive future earnings, a fresh positive development.
Confidence in 53bn revenue target, Apple and AI demand SYNEX reaffirmed its 2026 revenue target of 53 billion baht, citing strong Apple product demand and AI trends. New iPhone 18 and foldable iPhone Duo are expected to sell well, with stock arriving. However, rising memory and storage costs from AI competition pressure margins, managed by brand diversification.
Latest management outlook and product cycle news that directly affect revenue and profitability, with a balanced view of cost pressures.