Investors warned over DELTA trading

The Stock Exchange of Thailand (SET) is warning investors to exercise caution in trading shares of Delta Electronics (Thailand) Plc (DELTA), an electronic components manufacturer.

The SET said that the first level of market surveillance measures imposed on DELTA stock since April 3 came to an end on Friday and the stock would be traded as normal from Monday onwards.

But the exchange urged investors to thoroughly and cautiously study information related to DELTA, including research issued by securities companies, before making investment decisions.

As of Friday, DELTA’s price to earnings ratio (P/E) and price per book value (PBV) stood at 72.35 times and 20.30 times, respectively, the SET said.

If DELTA’s irregular trading activities continue without any fundamental support, SET will impose the second and the third levels respectively of market surveillance…