DELTA Continues to Break All-Time High Record, Gaining 24% to ฿406!
DELTA Continues to Break All-Time High Record, Gaining 24% to ฿406!
DELTA Continues to Break All-Time High Record, Gaining 24% to ฿406!
9 ธ.ค. 2563

The share price of Delta Electronics (Thailand) Public Company Limited (DELTA) continued to break its all-time high record by gaining another ฿79.00/share or 24.15% to ฿406.00/share with a trading value of 1,990 million baht as of 10:12 local time in Thailand on Wednesday.
 
DBS Vickers Securities rated DELTA as “Fully Valued” with a target price at 200.00/share as the valuation was quite expensive since late November after the announcement of DELTA being listed into MSCI Global Standard. The share price also rose more than 330% this year, while DELTA currently traded at a P/E of 36x or +3SD of its 5-year historical trading.
The baht appreciation will limit DELTA’s 2021 GPM, which would offset its higher sales in electronic parts for EV. In the longer term, its GPM from operating revenue would pick up thanks to the DELTA Smart Manufacturing project.