Delta Electronics Thailand (DELTA) Earnings: 1Q Net Income Reaches 4.31B Baht Amid Mixed Market Predictions

Delta Electronics Thailand on Smartkarma

Analysts on Smartkarma, such as Brian Freitas and Vincent Fernando, have been providing coverage on Delta Electronics Thailand (DELTA TB) with a bearish sentiment. Brian Freitas in his report titled “Delta Electronics (DELTA TB / 2308 TT): More Downside from Here” highlighted that DELTA TB has been underperforming compared to Delta Electronics (2308 TT) but still trades at a higher valuation. He pointed out potential catalysts for further underperformance and noted that foreign investors hold a significant portion of DELTA TB shares.

Vincent Fernando, in his analysis titled “Delta Taiwan Vs. Thailand Monitor: Parent Could Sell More of Its Stake; Thai 50x PER Vs. Taiwan 20x“, mentioned the significant valuation gap between Delta Taiwan and Delta Thailand. Despite similar growth expectations for both companies, DELTA TB’s price-to-earnings ratio (PER) for FY2024E is notably higher at 50x compared to Delta Taiwan’s 20x. Fernando anticipates a likely reversion in valuation due to the extreme mismatch historically observed between the two entities.

A look at Delta Electronics Thailand Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Delta Electronics Thailand is positioned for robust long-term growth, with exceptional scores in Growth, Resilience, and Momentum according to Smartkarma Smart Scores. The company’s strong focus on expanding and adapting to market demands highlights its potential to sustain long-term success. With a perfect score in Growth, Delta Electronics Thailand is well-positioned to capitalize on emerging opportunities and drive continuous development in various sectors.

Additionally, Delta Electronics Thailand showcases resilience and momentum, further solidifying its position in the market. The company’s commitment to innovation and adaptation, combined with its ability to maintain a positive trajectory, indicates a promising outlook for investors seeking stable long-term returns. While factors like Value and Dividend may have room for improvement, the overall outlook for Delta Electronics Thailand is optimistic based on its impressive Growth, Resilience, and Momentum scores.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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