Aapico Hitech - 3Q24 Earnings Pressured by Weak Business in Thailand
We maintain an Underperform rating, as AH remains unattractive from a fundamental valuation perspective. The stock has approximately 8% downside...
190 Views
Industry Update: Automotive - SEPTEMBER 25, 2024
We maintain an Underweight rating on the automotive sector due to weak recovery signals, which may pose downside risk to our 2024E auto production...
297 Views
Aapico Hitech - 2H24E Earnings to Accelerate, but Valuation Stretched
We switch our rating to Underperform (from Neutral). The valuation metrics suggest a more optimistic view on the earnings growth prospects (due to...
256 Views
Automotive - Potential Recovery in 2H24E Performance Already Priced In
Sluggish auto production continued to put downward pressure on the revenue and core profit of the three auto firms under our coverage both YoY and...
191 Views
Automotive - 2024E Auto Production Forecast Cut to 1.60mn Units
Weak domestic demand pressured 1H24 auto production downward by 17% YoY to 760k units. Accordingly, we have reduced our 2024E auto production...
275 Views