Investors cautioned that electronics firm’s performance doesn’t justify sky-high share prices
Shares of Delta Electronics (Thailand) Plc, which have shot up this year to become the country’s most valuable stock, slumped on Tuesday as the Stock Exchange of Thailand imposed trading curbs to quell unexplained gains. Analysts also queried the surge in its valuation.
The local unit of Taiwan-based Delta Electronics Inc slumped as much as 23%, the most since December 2020. The…
