SOMBOON ADVANCE TECH. increases its risk exposure and slightly lowers to Neutral
SOMBOON ADVANCE TECH. (TH), a company active in the Auto Parts industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 2 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date March 8, 2022, the closing price was THB 19.30 and its expected value was estimated at THB 21.61.Somboon Advance Technology Public Company Limited is a Thailand-based company engaged in the manufacture and distribution of motor vehicle parts for passenger cars, pickup trucks, trucks and agricultural machinery. The Company's products include axel shafts, disc brakes, drum brakes, exhaust manifolds, leaf springs, stabilizer bars, hot coil springs, push rods, rotary blades, camshafts and fly wheels, among others. The main customers are the original equipment manufacturers (OEMs) with the long-term purchase contract and the replacement equipment manufacturers (REMs). It operates a production plant in Samutprakan province. The Company's subsidiaries include Somboon Malleable Iron Industrial Company Limited, Bangkok Spring Industrial Company Limited, International Casting Products Company Limited, SBG International Japan Company Limited and Somboon Forging Technology Company Limited.
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