The Thailand Automotive Institute forecasts that automobile production will increase from 2.1 mil units p.a. to 3.1 mil units by 2015. This implies a 48% growth over 3 years, 28% per year. The Federation of Thai Industries expects that output will increase 48% YoY in 2012 as companies make up for output losses from the floods in 4Q11.

Who benefits the most? The three major auto parts manufacturers that are listed on the Thai Equity Market are Somboon Advance Technology Plc (SAT), Thai Stanley Electric Plc (STANLY) and Aapico Hitech Plc (AH), of these three, both SAT and STANLY manufacturing facilities were unaffected by the floods.

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