Somboon Advanced Technology (SAT) management are bullish about the second half performance, which will strongly recover from the first half. Auto production for 2H09 will rise to 550,000 units, up 43%, from first half, although down 19% yoy and much improved over 1H09 by 46%. SAT will perform better than the auto industry as a whole on orders from Kubota of around Bt250mn for this year. Management targets 2H09 sales of Bt2,558mn, up 46%, from the first half with 90% of new orders confirmed by automakers. The gross margin this year will rise to around 16-20% from 1H09 at 12% on better utilisation in 2H09 around 63-80% from 1H09 at 46-49%.
SAT 2H 2009 sales will recover 46% from 1H 2009
All posts byThaiVest Editorial Team
Leave a reply
You Might Also Like
Thailand Retirement Ranking Improving
Joe MillerDecember 5, 2022
To see the Thailand Retirement Ranking improving delighted the Thai Prime Minister Prayut Chan-o-cha said government spokesman Anucha Burapachaisri. In...
Thai Stock Market Analysis May 9, 2022: How Much Lower Will the the SET fall?
Joe MillerMay 9, 2022
Ugly Trading Session Leaves Thai Stock Market Index in Murky Waters The Thai stock market had recently done remarkably well...
Thailand Economic Recovery Dwindling
Joe MillerDecember 7, 2020
Exports Decline Across the Board Merchandise exports in Thailand based on balance on payments contracted by 5.6% year-on-year in October...