SOMBOON ADVANCE TECHNOLOGY Plc. (SAT): Earnings Beat Expectations on Resilient GPM
SAT reported 2Q26 net profit of Bt156mn and core profit of Bt161mn (+5% YoY, -23% QoQ), 15% above our forecast but 4% below market expectations,...
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SOMBOON ADVANCE TECHNOLOGY (SAT): 2Q26E Earnings Expected to Soften; Outlook Turns More Cautious
We expect SAT's 2Q26E core profit to decline to Bt140mn (-8% YoY, -32% QoQ), mainly due to Thailand's vehicle production falling 7% YoY in 2Q26,...
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SOMBOON ADVANCE TECHNOLOGY Plc. (SAT): Short-Term Risks, Long-Term Appeal Driven by Dividends
We view SAT as the most exposed to the US–Iran conflict, given its key customers (Toyota, Mitsubishi) have the highest export exposure to the...
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Somboon Advance Technology Plc. (SAT): Earnings Miss, But Strong GPM...
We remain confident in 2026 growth, supported by a modest pickup in pickup truck production, which should sustain GPM expansion and lift profit to...
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Somboon Advance Technology Plc. (SAT): GPM Expands; Dividend Upside Intact
We expect SAT to report 4Q25 profit of Bt224mn (+6% YoY, +16% QoQ), the highest in two years, supported by a fifth consecutive YoY improvement in GPM.
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