Asean-focused. Ex-Head of Thai Research

Athaporn Arayasantiparb, CFA

Equity Bottom-Up

<p>There is much talk about Tesla's plans on the ground to expand production into Thailand, even if they don't seem to have adequate capital. Potential beneficiaries include battery maker BAT-3K and firms that could build some of its circuit boards and other components (KCE and Forth). The impact on autoparts makers (OEM) is still quite unpredictable at this stage, since firms like AH (Aapico Hi-tech) have no experience supplying to Tesla.</p><p>Further away from the eye of the storm, Sansiri has already built EV chargers in some of its developments. We also met with management from solar power company Superblock who expressed strong skepticism about Tesla's prospects both in Thailand and even globally.</p>

There is much talk about Tesla's plans on the ground to expand production into Thailand, even if they don't seem to have adequate capital. Potential beneficiaries include battery maker BAT-3K and firms that could build some of its circuit boards and other components (KCE and Forth). The impact on autoparts makers (OEM) is still quite unpredictable at this stage, since firms like AH (Aapico Hi-tech) have no experience supplying to Tesla.Further away from the eye of the storm, Sansiri has already built EV chargers in some of its developments. We also met with management from solar power company Superblock who expressed strong skepticism about Tesla's prospects both in Thailand and even globally.

Thailand

KCE Electronics Public Company Limited and its subsidiaries manufacture and export single-layered, multi-layered, and double-sided printed circuit boards (PCBs) under its KCE trademark.  Multi-layered PCBs are used mainly in high technology equipment and high precision instruments.  Double-sided PCBs are used largely in telecommunication and computing equipment.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

KCE Electronics PCL (KCE TB)

What if Tesla Comes to Detroit of Asia?

There is much talk about Tesla's plans on the ground to expand production into Thailand, even if they don't seem to have adequate capital....

Athaporn Arayasantiparb, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)