SET urges caution after Delta surges to new high

The Stock Exchange of Thailand (SET) has told investors to exercise caution when trading shares of Delta Electronics Plc after the price surged for three consecutive days to reach an all-time high of more than 1,100 baht yesterday.

In a statement, investors were told the SET is monitoring the trading of Delta shares. The price exceeded 1,100 baht per share on Thursday, with the highest trade value on the Thai bourse of 5.87 billion baht. Delta’s price-to-earnings ratio and price-to-book ratio were 89.42 and 25.09, respectively, as of Thursday.

Prices of Delta, Thailand’s leading electronics component manufacturer, rose by 2.86% and 9.34% on Wednesday and Thursday, respectively. Despite the caution from the SET, the price continued to soar yesterday, rising 3.09% to 1,134 baht by midday.

“The SET requests investors look into [Delta’s] fundamentals, risks and…