Cal-Comp Thailand (SET:CCET)
Cal-Comp Electronics (Thailand) Public Company Limited (SET:CCET) is a SET-listed Thai EMS (electronics manufacturing services) contract manufacturer Taiwanese-affiliated through Cal-Comp Electronics & Communications. Operates a Phetchaburi province manufacturing facility serving consumer-electronics, PC OEMs, and IoT customers. FY2024 revenue ~THB 60-65B. Competes with SVI (SET:SVI), Hana Microelectronics (SET:HANA), KCE Electronics (SET:KCE), and Stars Microelectronics (SET:SMT) in Thai EMS tier.
Profile overview
Cal-Comp Electronics (Thailand) Public Company Limited (SET:CCET) is a SET-listed Thai EMS (electronics manufacturing services) contract manufacturer Taiwanese-affiliated through Cal-Comp Electronics & Communications. Operates a Phetchaburi province manufacturing facility serving consumer-electronics, PC OEMs, and IoT customers. FY2024 revenue ~THB 60-65B. Competes with SVI (SET:SVI), Hana Microelectronics (SET:HANA), KCE Electronics (SET:KCE), and Stars Microelectronics (SET:SMT) in Thai EMS tier.
Business segments
Consumer Electronics
OEM Contract Manufacturing
Primary revenue driver: contract electronics manufacturing for global PC, printer, and consumer-electronics OEMs. Phetchaburi facility spans ~500,000 sqm. FY2024 revenue approximately $1.74-65B; margins thin at 1-2% net given EMS price-competition dynamics.
IoT
IoT and Smart Devices
Growing IoT device assembly segment for smart-home and industrial IoT customers diversifies from legacy PC OEM reliance. IoT margin profile slightly better than PC assembly at ~3-4% gross; contributes approximately 15-20% of Cal-Comp Thailand revenue.
Parent
Cal-Comp Electronics Taiwan
Wholly-owned subsidiary of Cal-Comp Electronics and Communications (Taiwan), itself a subsidiary of New Kinpo Group. Parent coordinates global OEM customer relationships; Thailand entity focuses on manufacturing execution, quality control, and export logistics.
Thai EMS sector — listed peers
| Company | Ticker | FY2024 revenue | Customer segment |
|---|---|---|---|
| Cal-Comp Electronics Thailand | SET:CCET | ~ $1.8B | PC OEMs, IoT, consumer |
| SVI | SET:SVI | ~ $724.6M | Industrial, medical, automotive |
| Hana Microelectronics | SET:HANA | ~ $579.7M | Automotive IC, semiconductor |
| KCE Electronics | SET:KCE | ~ $521.7M | PCB automotive, industrial |
Watchpoints 2025-2026
OEM Concentration
Customer Diversification
Cal-Comp Thailand's reliance on top-3 OEM customers (estimated 60-70% of revenue) creates significant concentration risk. Any OEM sourcing shift to Vietnam or India for cost reasons would materially impact facility utilisation and margins.
Automation
Labour-Cost Arbitrage Erosion
Thailand's minimum-wage increases ($11.6/day national target) compress EMS labour-cost advantage versus Vietnam ($9.57-350 equivalent). Automation investment in Phetchaburi is critical to maintaining margin competitiveness through 2026.
EEC
Eastern Seaboard Supply Chain
Potential EEC-zone facility expansion to access BOI investment incentives and proximity to EEC port logistics is under consideration. EEC-adjacent sites could reduce logistics costs for export-container routing through Laem Chabang.
Related Market profiles
Peers, parents, partners, agencies, and other Electronics Manufacturing actors.
Competitor
SVI listed manufacturer (SET:SVI)
SET-listed Thai EMS specialist; SET:SVI; industrial, medical, automotive customer mix; FY2024 revenue ~ $724.6M.
Open Market profile →
Competitor
Hana Microelectronics
Listed Thai EMS, IC packaging, PMIC, RFID; Thailand, Cambodia plants; FY2024 revenue ~ $724.6M.
Open Market profile →
Competitor
Cal-Comp Electronics (Thailand)
Kinpo Taiwan-parent listed EMS; printers, networking, IoT, PC OEM; FY2024 revenue ~ $1.88B.
Open Market profile →
Reports featuring this profile
Related Market profiles
competitor
SVI listed manufacturer (SET:SVI)
SET-listed Thai EMS specialist; SET:SVI; industrial, medical, automotive customer mix; FY2024 revenue ~THB 25B.
competitor
Hana Microelectronics
Listed Thai EMS, IC packaging, PMIC, RFID; Thailand, Cambodia plants; FY2024 revenue ~THB 25B.
competitor
Cal-Comp Electronics (Thailand)
Kinpo Taiwan-parent listed EMS; printers, networking, IoT, PC OEM; FY2024 revenue ~THB 65B.