Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

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Interesting Stocks to Consider in Thailand

DELTA: Back-Up Computer Power Giant Ramps up Margin and Volume

CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Equity Bottom-Up

Delta Electronics Thailand  / Equity Bottom-Up

<ul>
<li>More attractive to analysts, low correlation, and low long-term price volatility vs. the market relative to its sector</li>
<li>Data expansion needs from tech giants like Facebook and Amazon should drive sales of networking and data center products over the coming years</li>
<li>Strong demand for power supplies for the automotive sector following recovery in US and EU should continue, up by 22% QoQ in 2Q18</li>
<li>Trades in line with Asian Info Tech at 18CE* 2.5X PB, ROE is in line as well, and DELTA has a solid net-cash balance sheet</li>
<li>Risks: Increase in raw material costs, weak economic conditions in Europe and US</li>
</ul><p><em>* Consensus Estimates</em></p>


More attractive to analysts, low correlation, and low long-term price volatility vs. the market relative to its sector
Data expansion needs from tech giants like Facebook and Amazon should drive sales of networking and data center products over the coming years
Strong demand for power supplies for the automotive sector following recovery in US and EU should continue, up by 22% QoQ in 2Q18
Trades in line with Asian Info Tech at 18CE* 2.5X PB, ROE is in line as well, and DELTA has a solid net-cash balance sheet
Risks: Increase in raw material costs, weak economic conditions in Europe and US
* Consensus Estimates

DELTA (DELTA TB): Data Centers and Automotive Demand to Drive Growth