Somboon Advance Technology is a holding company with subsidiaries that manufacture automotive and agricultural machinery parts. The company's products include axle shafts, disc brakes, drum brakes, and hub wheels for passenger cars, pickup trucks, and agricultural machinery. It was founded on September 14, 1995, and is headquartered in Samut Prakan, Thailand.
We reaffirm our “Neutral” rating as our valuation matrix still reflects that the share price has remained undervalued, but both tactical and long...