AAPICO HITECH Plc. (AH): Earnings Beat On Strong GPM Recovery – Buy (12M FWD Fair Value Bt17.30)
3Q25 revenue was Bt6.1bn (–6% YoY, –6% QoQ), in line with our preview, hurt by declines in both auto-parts manufacturing and dealership/service...
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AAPICO HITECH Plc. (AH): 3Q25E Profit To Rebound Sharply QoQ - Buy (12M FWD Fair Value Bt17.30)
We estimate AH’s 3Q25 core profit at Bt188mn (–11% YoY, +66% QoQ), down YoY in line with industry trends but rebounding strongly QoQ from a low base.
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Automotive: Auto Sales Hit A 33-Month High In December - Neutral
Auto production in December 2025 rose 8.6% YoY, marking a fourth consecutive month of recovery, driven by a 39% YoY surge in domestic auto...
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Automotive: Exports Turning Worrisome - Neutral
We are concerned about the outlook for Thailand’s automobile exports, which have recorded a significant YoY decline over the past two months.
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KTX Zoom - Expiration of Derivatives Contracts & US PCE/Core PCE in February
Technically, the SET Index is expected to move sideways, with the support levels at 1,180/1,175 points and the resistance at 1,195/1,203 (25-day...
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