Automotive - 2024E Auto Production Forecast Cut to 1.60mn Units
Weak domestic demand pressured 1H24 auto production downward by 17% YoY to 760k units. Accordingly, we have reduced our 2024E auto production...
Automotive - Auto Production Fell 18% YoY in 1Q24
Auto production in March 2024 continued to slow down YoY for the eighth consecutive month, dragging overall production in 1Q24 down by 18% YoY.
Automotive. - Auto Output Remained Weak in February 2024
We have revised down our 2024E auto output target by 2.0% to 1.85mn units (+0.7% YoY) to reflect weaker-than-expected domestic demand.
Automotive - A Weak Start in 2024
We choose AH (Buy; FV at Bt43.2) as our top pick because the firm will potentially benefit further from the transition to electric vehicle (EV)...
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