Delta Electronics attains milestone as the first Thai entity to exceed a $100 billion valuation. Delta Electronics Thailand Pcl achieved the distinction of being the premier Thai enterprise with a market capitalization surpassing $100 billion, subsequent to the US Supreme Court’s decision to abolish tariffs, thereby bolstering the prospects for its AI cooling technology demand.
Nvidia Corp.’s stock, which derives approximately a third of its earnings from the United States, saw an increase of as much as 10% on Monday, amplifying its year-to-date advancement to above 49%. Turnover expanded by 20% in the prior year, propelled by robust power electronics sales and requirements from data processing centers.
“Delta’s income predictability is substantial due to its carefully considered growth blueprint and cutthroat AI offerings,” commented Globlex Securities Co. expert Suwat Sinsadok, further stating that after-tax profits could see another 25% surge to $1 billion by 2027. This expansion positioned Delta as the second most valuable firm in Southeast Asia, trailing only DBS Group, which exceeded the $100 billion benchmark in the preceding year. Concurrently, half of the 22 market watchers monitored by Bloomberg maintain a neutral rating on the shares, with the stock being traded upwards of 20% above its average 12-month projected value. Delta’s equities have also faced trading limitations in recent times after notable price increases.
Source: Bloomberg