Thailand exports surge, 7 standout stocks benefit from AI and chicken themes

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Summary · why it matters

KGI Securities (Thailand) reported that July exports rose 21.6% year-on-year, higher than the market's expectation of 18.3%, with export value at $34.8 billion. Meanwhile, imports increased 36.7% to $38.4 billion, resulting in a trade deficit of $3.6 billion. Exports of electronic goods surged 68% year-on-year, especially those related to AI such as DELTA and HANA. DELTA already derives about 40% of its revenue from AI, while HANA is expected to start generating AI-related revenue in the second half of the year. Meanwhile, GFPT benefits from strong processed chicken exports, and BTG has been upgraded. CBG still faces very low exports to Cambodia, but it is expected that the situation has passed its lowest point. OSP has also passed its worst point in Myanmar.

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