Thai Stanley Electric reported a FY3Q10 (October – December 2009) net profit of Bt286mn, up 17.3% YoY and 36.9% QoQ. Excluding FX gain, normalized profit was Bt281mn, rising 9.8% YoY and 31.2% QoQ. The result was above the market expectation of Bt230-240mn. A higher-than-expected gross margin was the reason earnings beat expectations.
Tag Archives | Automotive
Thailand is set to benefit tremendously from the elimination of import duties on automobiles and parts under the Asean Free Trade Area scheme, industry leaders say. The 5% tax on automobiles and parts traded among the six founding Asean countries -Thailand, Malaysia, Singapore, Brunei, the Philippines and Indonesia – was abolished on January 1, in a move towards turning […]
Thailand’s automotive industry is set to be a major beneficiary of the China-Asean Free Trade Area (Cafta), which came into effect on January 1, but it may not yet translate into big gains for consumers.
As many as 8,300 orders for new vehicles have been placed at the halfway point of the Thailand International Motor Expo, reflecting a return of consumer purchasing power as the Thai automobile market recovers from the economic downturn. Toyota has been the most popular brand, with 2,099 orders, followed by Honda with 1,661. Kwanchai Paphatphong, the organiser of the […]
Automobile companies participating at the 26th Thailand International Motor Expo are hoping the event will serve as consolation for a poor year for sales. Organisers of the Motor Expo say sales at this year’s event should be close to last year’s 17,000 vehicles. Positive factors include the easing recession, as well as more stable oil prices and the […]
The Board of Investment will not change its criteria for privileges to promote the local manufacture of eco-cars despite calls from automakers for the conditions to be eased, says Arthit Vuthikaro, chief of the Industry Ministry’s Office of Industrial Economics. Many automakers whose eco-car projects have already been approved for BoI privileges have now said they will unlikely be […]
GM Thailand’s automotive assembly plant in the Eastern Seaboard province of Rayong was shut down yesterday as a result of a workers’ strike. In a statement, the Workers Union of General Motors said it had submitted a strike notice to the management. A company source said several factors had led to the strike, including demands for […]
Thai auto exports fell by more than a third in August owing to a persistent decline in overseas demand. The Federation of Thai Industries’ auto sector said yesterday vehicle shipments fell by 36.21 per cent year-on-year to 43,106 units — although numbers were up 17.92 per cent from the previous month of July, FTI’s Automotive Industry Club […]
As demand for passenger cars in both the domestic and export markets start to recover, many auto producers in Thailand are rehiring workers who have been laid-off since last year. Toyota Motor Thailand, the biggest auto-maker in the country, has also taken back a large number of workers as demand for Toyota passenger cars started to grow in […]
Toyota announced domestic car sales for August 2009 of 43,251 units, down 8.2% YoY, accounted for passenger car sales 17,790 units, declined by 1.1% YoY, 1-tonne pickup sales of 21,778 units down 12% YoY, commercial vehicle car sales decreased the most in every segment with 12.6% YoY with 25,461 units.