The reporter reported that today (January 5, 2023) the company’s share price Delta Electronics (Thailand) Limited liability joint stock company or DELTA At 10:17 it was at 860 baht, minus 52 baht or 5.70%, the highest at 898 baht, the lowest at 854 baht with a trade value of 1.85 billion baht.
However, DELTA’s share price fell after previously surging to nearly 1,000 baht.
by Mr. Sarawut Techochavalit, Senior Director of Securities Analysis Department, RHB Securities (Thailand), said the price of DELTA shares trading on P/E exceeded 80x, with the price continuing to rise for 4 business days. (29-30 Dec. ’22 & 3-4 Jan. ’23) in total, increased by 38%, considering the stock price too hot. While fundamentals have not changed, the appreciation of the baht is also not good for the electronics industry.
With the warning to be careful of speculation and recommending to “avoid” investors who hold it, to sell it first. If the price of DELTA touches 1,000 baht, that will be the point where the price will fall.
