Managing Director, Zero One, Zero One

Vincent Fernando, CFA

20 years of experience researching capital markets in Asia and the USA.

Managing Director, Zero One

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Equity Bottom-Up

<ul>
<li>Delta Thailand has surged post SET50 re-inclusion and the stock has dramatically outperformed both Delta Taiwan and Thailand's SET Index.</li>
<li>For both stocks, forward growth rates are expected to be similar for 2023E and 2024E.</li>
<li>Delta Taiwan's stake in Delta Thailand alone is now worth nearly 90% of its market cap.</li>
</ul>


Delta Thailand has surged post SET50 re-inclusion and the stock has dramatically outperformed both Delta Taiwan and Thailand's SET Index.
For both stocks, forward growth rates are expected to be similar for 2023E and 2024E.
Delta Taiwan's stake in Delta Thailand alone is now worth nearly 90% of its market cap.


Delta Taiwan Vs. Thailand Monitor: SET50 Re-Inclusion Surge, Biggest Diversion in History

Delta Electronics

Delta Taiwan Vs. Thailand Monitor: SET50 Re-Inclusion Surge, Biggest Diversion in History