In today’s briefing:
- Delta Taiwan Vs. Thailand Monitor: Valuation Divergence Hits a New Extreme
Delta Taiwan Vs. Thailand Monitor: Valuation Divergence Hits a New Extreme
- The valuation divergence between Delta Electronics Thai (DELTA TB) and its parent Delta Electronics (2308 TT) has hit a new extreme.
- Delta Thailand surged 9.3% Thursday on no news, even prompting the Thailand Stock Exchange to query the company.
- Delta Taiwan’s stake in Delta Thailand is now worth more than all of Delta Taiwan. The valuation divergence would seem unsustainable, however when things revert is uncertain.
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