AUCT : Resume Coverage - Concerns about direction of auto industry The share price might rebound within two months of XD date, based on our back test. This would also be supported by expectations that earnings would remain strong in 2H24, given high season in 4Q. The market is very concerned about the direction of Thailand’s auto industry but AUCTS earnings is projected to grow by 11% yoy this year to a new high. Recommend Trading BUY with Bt10.90 TP (FY25).