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Trade War Is Boon for Thai Electronics Maker Amid China Exodus

Manufacturing at a KCE Electronics Factory and Interview with CEO Pitharn Ongkosit
Photographer: Brent Lewin/Bloomberg

While the trade war wreaks havoc on companies with exposure to China, one small contract manufacturer in Thailand is rallying as U.S. electronics companies scramble to avoid tariffs.

Fabrinet, whose major production facilities are all located in Thailand, appears well positioned to benefit from electronics companies looking to move production while demand for optical components -- its core market -- remains robust. The stock is trading at a record high after nearly doubling over the past 12 months. That places the Patumtani, Thailand-based company among the best performers in the S&P Small Cap 600 Index over that period.