Lombard Investments says it has fully exited its investment in Somboon Advance Technology, one of Thailand's leading auto-parts manufacturers, earning a return of 3.5 times its investment.
Despite disrupted supply of components and parts from Japan, Thai manufacturers in the automotive and electronics sectors see only a slim chance of massive layoffs. Expecting the disruption to end soon, they realise that layoffs could create a long-term problem amid the tight labour market.
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A reminder when you look at #thaistocks today: "Be fearful when others are greedy and greedy when others are fearful" - Warren Buffet.Jul 9, 2021
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