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    601633   CNE1000018V8

GREAT WALL MOTOR COMPANY LIMITED

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Toyota says suspends Thailand vehicle production amid parts shortage

07/22/2021 | 08:22am EDT
FILE PHOTO: Toyota Motor Corp's logo on Estima Hybrid model is pictured at its headquarters in Tokyo

BANGKOK (Reuters) - Japanese automaker Toyota Motor Corp has since earlier this week suspended vehicle production at three of its manufacturing plants in Thailand due to a parts shortage, the company said on Thursday.

Toyota Motors Thailand temporarily suspended vehicle production at its Ban Pho Plant on Tuesday, and at its Samrong and Gateway Plants on Wednesday, the company said in a statement. Toyota has a production capacity in Thailand of 550,000 vehicles per year, according to its website.

"The production operation for the next week will be determined at a later stage," said the statement, which added that the current suspension was in effect until Friday.

The factory closures in Thailand were due to a shortage of parts caused by the pandemic, it said in a separate statement.

A Toyota factory in Japan's Aichi Prefecture will also suspend production on July 29-30 and Aug. 2-4 because of the part shortages, the automaker said on Thursday.

The suspensions in Thailand were first reported by Nikkei Asia earlier on Thursday.

A series of coronavirus clusters among Thai factories in June have raised concerns for the country's export sector.

Thailand is Asia's fourth-largest autos assembly and export hub for some of the world's largest carmakers such as Honda and China's Great Wall Motor. The industry accounts for about 10% of Thailand's GDP and manufacturing jobs.

Auto exports have also been a bright spot for Thailand as it tries to restart the pandemic-hit tourism sector.

Domestic car sales are also rebounding, up 15% in June from the same period a year earlier.

Thailand on Thursday reported a record 13,655 coronavirus infections and 87 deaths as the Southeast Asian country tightened travel restrictions to curb the latest outbreak.

Over 93% of total 453,132 confirmed infections and 3,697 fatalities occurred after April this year.

(Reporting by Chayut Setboonsarng; Editing by James Pearson)

By Chayut Setboonsarng


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
GREAT WALL MOTOR COMPANY LIMITED -2.17% 54.54 End-of-day quote.44.25%
HONDA MOTOR CO., LTD. -1.59% 3285 End-of-day quote.14.16%
TOYOTA MOTOR CORPORATION -1.10% 9820 End-of-day quote.23.41%
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Analyst Recommendations on GREAT WALL MOTOR COMPANY LIMITED
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Financials
Sales 2021 141 B 21 780 M 21 780 M
Net income 2021 8 628 M 1 336 M 1 336 M
Net Debt 2021 683 M 106 M 106 M
P/E ratio 2021 31,1x
Yield 2021 1,51%
Capitalization 493 B 63 384 M 76 392 M
EV / Sales 2021 3,51x
EV / Sales 2022 2,74x
Nbr of Employees 66 574
Free-Float 44,3%
Chart GREAT WALL MOTOR COMPANY LIMITED
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Great Wall Motor Company Limited Technical Analysis Chart | 601633 | CNE1000018V8 | MarketScreener
Technical analysis trends GREAT WALL MOTOR COMPANY LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 31
Last Close Price 29,05 CNY
Average target price 30,88 CNY
Spread / Average Target 6,29%
EPS Revisions
Managers and Directors
Feng Ying Wang Vice Chairman & General Manager
Hong Shuan Li Chief Financial Officer
Jian Jun Wei Chairman
Cai Juan Lu Member-Supervisory Chairman
Li Hui Ma Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
GREAT WALL MOTOR COMPANY LIMITED44.25%65 023
TOYOTA MOTOR CORPORATION23.41%248 448
VOLKSWAGEN AG22.77%137 571
DAIMLER AG24.47%90 332
GENERAL MOTORS COMPANY21.95%73 719
GREAT WALL MOTOR COMPANY LIMITED9.21%65 023