(Bloomberg) — Delta Electronics (Thailand) Pcl, an electronic-parts maker that shot up this year to become the country’s most valuable stock, slumped as the bourse imposed trading curbs to quell unexplained gains in its shares. Analysts also queried the surge in its valuation.
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Delta, a unit of Taiwan’s Delta Electronics Inc., slumped as much as 23%, the most since December 2020. The retreat erased about $9 billion from the company’s market value, which ended Monday at a record $42 billion.
Traders must pay cash upfront before placing buying orders for the Thai firm’s shares and can’t use them as collateral for other transactions, the Stock Exchange of Thailand said after the market closed Monday. The measures came after the Delta wasn’t able to explain yesterday’s…
