Fiber optic connectors are a substantial fragment of the global telecommunication industry. Optical fibers are joined using fiber optic connectors, which allow the light conduction between two consecutive optical fibers. An additional im…
BMI View: We maintain our view that weak consumer confidence in the Thai economy coupled with high
household debt levels and elevated car prices will lead to a contraction of 5.3% in vehicle sales in 2016.
? Vehicle sales will contract 5.3% in 2016.
? Waning consumer confidence in the economy will translate into weak demand for new car purchases as
consumers remain cautious about spending on big ticket items.
? High household debt levels will mean consumers will be less willing to take up vehicle financing.
? The effects of the new vehicle excise tax will continue to drag on vehicle sales growth.
? Construction of public infrastructure projects will drive demand for commercial vehicles
? We expect commercial vehicles to outperform passenger vehicle sales.