Automotive: Time to Downgrade to Neutral as Future Risks Mount – Neutral
Since upgrading the auto sector to Overweight in March, share prices across our coverage have rallied 12%-30%, leaving valuations increasingly...
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Krungthai XSpring Zoom Eng. May 29, 2026
The US and Iran have reached a draft agreement to extend the ceasefire by another 60 days, while the Strait of Hormuz is set to fully reopen for...
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Krungthai XSpring Zoom Eng. April 20, 2026
Expect the SET to trend lower in the short term amid ongoing US–Iran posturing.Brent crude jumped over 5% this morning as the Strait of Hormuz...
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GPMs to Help Improve Performance Despite Industry Remaining Weak
The recovery of Thailand's automotive industry remains challenging this year. However, we have started to see positive signs in cost control...
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No Visible Recovery Signs in the Short Term
The Thai auto industry faces challenges from weak demand both domestically and internationally, likely pushing auto production in 2024E down by...
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