SET warns stock investors over Delta shares

SET warns stock investors over Delta shares

Investors monitor an electronic display of stock indices. (File photo)
Investors monitor an electronic display of stock indices. (File photo)

The Stock Exchange of Thailand (SET) has issued a statement warning investors to exercise caution when trading shares of Delta Electronics Plc (Delta) after the price surged for three consecutive days to reach its all time high of more than 1,100 baht apiece on Friday.

The statement notifies investors that the SET has continuously monitored the trading of Delta shares and found that prices rose to more than 1,100 baht on Thursday, with the highest trading value on the Thai bourse on that day at 5.87 billion baht. The statement also adds that Delta’s price-earnings ratio (P/E) and price-to-book ratio (P/BV) were 89.42 and 25.09, respectively, as of Thursday.

Thailand’s leading electronic component manufacturer, Delta, saw a rise in prices of 2.86% and 9.34% on Wednesday and Thursday, respectively. The prices continued to soar on Friday, rising 3.09% to 1,134 baht by midday.

After the market closed on Thursday, the company said via the SET’s information system, as requested, that “the company has not had any significant change or developments that have not been disclosed,” the SET pointed out.

The SET would like to ask investors to look into Delta’s fundamentals, risks, and information disclosed by the company, as well as analysis from securities firms before making a decision to buy or sell the shares,” the bourse added.

Do you like the content of this article?

RID to fill reservoir to offset El Nino effect

RAYONG: The Royal Irrigation Department (RID) is planning to fill the Prasae Reservoir with water to anticipate a possible worsening dry spell in the Eastern region this month.


Biden hails averting 'catastrophic' default in Oval Office speech

WASHINGTON - US President Joe Biden told Americans on Friday in a rare Oval Office address that the debt ceiling bill passed by Congress after weeks of wrangling saved the country from "economic collapse."


Partial Pink Line launch urged as traffic worsens

The Department of Rail Transport (DRT) is urging the Mass Rapid Transit Authority of Thailand (MRTA) to partially launch the main routes of the Pink Line monorail in a bid to ease traffic congestion.