Macro to Micro: Thai Consumption Has Stagnated. Consumer Stocks Are near Record Valuations- Hmm.
The Thai consumer faces many headwinds: The household sector is more leveraged than in prior cycles; Thai export performance has been poor and...
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American Capital Requirement Increase: Charoen and Thai Banks to Lead October Rally
In this review, we predict that Thai equities will rally in October and early November before another major correction in December with the Fed...
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Somboon Advance Technology - GPM Continued to Grow Despite Lower Revenue
SAT reported a 2Q25 core profit of Bt153mn (+10% YoY, -19% QoQ), in line with our expectations. 1H25 profit accounted for 47% of our full-year...
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Somboon Advance Technology - Solid GPM to Have Boosted Growth in 2Q25E
We downgrade our rating from Outperform to Neutral as the share price has moved closer to our fair value, reducing the valuation rating.
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SAT TB - Stable Profit, Despite Lower Revenue, Thanks to Effective Cost Management
Although SAT’s revenue declined by 11% YoY in 1Q25, effective cost control led to an improved GPM and allowed core profit to remain stable at Bt188mn
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