JMART: Local prices of mobile and IT products are not expected to be affected in the near term by new US import tariffs, as most products are manufactured in Asia. However, costs may rise for new product batches in 4Q if raw material prices increase.

Comment: Everything comes from China, Taiwan & Vietnam and Thailand isn’t taxing them…zero issues (for now)

SMT: sees no material impact from US tariffs on key components such as ICs, wafers, and semiconductors. The company is considering increasing its US-sourced raw materials for optical parts to above 20% to avoid excessive import duties.

Comment: Again everything comes from China, Taiwan & Vietnam…

STECON & UNIQ: The Central Administrative Court has ordered the State Railway of Thailand (SRT) to settle a legal dispute over the Red Line MRT project (Bang Sue–Rangsit Section 1) by paying Bt4.2 billion plus 7.305% interest to STECON and UNIQ within 60 days.

Comment: Let the SRT counter sue these two and then STEC’s balancesheet and cashflow can be stuck in purgatory.

STGT: expects a windfall from rubber glove sales following China’s imposition of a 145% duty on similar imports.

Comment: The Malaysian players have been moving..