Automotive - DECEMBER 25, 2024
Auto production in November 2024 continued to decline YoY for the 16th consecutive month, pressured by both weak domestic demand and export...
343 Views
Somboon Advance Technology - Recovery Signs Remain Weak
We downgrade our rating to Neutral, as the valuation metrics indicate less attractiveness in terms of the valuation, with the stock price trading...
363 Views
Somboon Advance Technology - Slower 3Q24 Earnings Already Priced In
We maintain an Outperform rating, as the stock price still implies around 17% upside from the fair value (FV) of Bt12.80.
419 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
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