DELTA Gains 27% despite “Cash Balance” Measure, the Analyst Recommends “Sell” at Bt213

The share price of Delta Electronics (Thailand) Public Company Limited (DELTA) closed ฿154.00/share or 27.30% higher at ฿718.00/share on Friday, January 8, 2021, despite being under the “cash balance” measure.

 

Tisco Securities recommended “Sell” on DELTA at a target price of ฿213.00/share. According to the exchange with DELTA’s executive, the company expected its 4Q20 revenue to drop lower than 3Q20, while its operating costs were expected to increase due to the expense from the R&D in Europe and an increase in air freight costs.