Wednesday, March 16, 2011

Heightened risks prompt SOMBOON ADVANCE TECHNOLOGY Parts revenue review

Somboon Advance Technology Plc (SAT) will review this year's revenue forecast of 7.3 billion baht to take into account the Japanese disasters and Middle East riots.

SAT is the second-largest auto-parts maker on the Stock Exchange of Thailand (SET).

President Verayut Kitaphanich said it remained too early to determine the full effects from Japan's earthquake and tsunami last Friday and nuclear power plant failures this week. However, some impact has already been felt.