0319 GMT - KCE Electronics is likely to face an earnings hit from the 25% auto tariffs from the U.S. that are expected to take effect this Wednesday, Maybank Securities (Thailand)'s Yugi Takeshima says in a research report. Given that at least 50% of the Thai company's revenue comes from the West's automotive sector, the brokerage estimate that if the tariffs are permanent, they would probably have lasting repercussions. Citing a likely slump in demand from the supply chain shock in the global automotive sector from the tariffs, the brokerage cuts its 2025 core earnings forecast for the printed-circuit-board supplier to the automotive industry by 24%. It downgrades the stock's rating to sell from buy and lowers the target price to THB13.90 from THB27.00. Shares last closed at THB16.00. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 01, 2025 23:19 ET (03:19 GMT)
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