Thai stocks today (9 December) continue to rise. Recently, the index rose to reach 1,482 points. From buying force in large stocks Especially the banking and power plant groups
While Delta Electronics (Thailand) Plc. Or DELTA, a manufacturer and distributor of power management solutions including electronic components Which has production bases in various regions around the world including Asia, Europe and South America. Buying pressure is still continuing. DELTA has recently closed down at 343 baht, an increase of 16 baht or 4.89% after hitting a high of 406 baht this morning. With a total trading value of 6,340 million baht
The above price level makes DELTA a resistance-free stock. That prices have risen nearly 13 times in just 9 months from their lowest point in March 2020
On Tuesday (Dec. 8), The Standard Wealth news agency reported that Supachai Wattanawithetkul, a securities analyst at Yuanta Securities (Thailand), viewed that at this price level, DELTA is not a buy point.
As for investors who hold shares and may continue to hold (Let Profit Run), it depends on individual views. But if looking at the basics The price of this level is quite over the reasonable estimated price.
“Although DELTA has a relatively high growth potential. But the current share price is considered very far. The profit growth would not have grown as fast as the increased stock price. “
Source: The Standard Wealth, SET
