Reporters reported today (29 April 2024) the stock price Delta Electronics (Thailand) Public Company Limited or DELTA At 10:14 am, it was at the level of 70.00 baht, minus 3.75 baht or 5.08%, the highest at 73.00 baht, the lowest at 69.75 baht, with a trading value of 555.26 baht.
Finansia Syrus Securities Public Company Limited The analysis stated that DELTA’s net profit for the first quarter of 2024 was 4.3 billion baht, a decrease of 9% from the previous quarter, but an increase of 19% compared to the same period the previous year, lower than’ r expected. by 7%, which is quite disappointing. Although income will recover But it faced significantly higher expenses from technical service fees to be paid to Delta Taiwan and a reduction in the value of its EV inventory to reflect market prices, putting pressure on margins.
For 1Q24 profit, it is 20% of the full year estimate. with a more careful look towards gross profit recovery And the trend of costs which may be higher than expected can be a disadvantage to our forecast for this year. Maintain target price of 70 baht, recommend “sell”
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