The Stock Exchange of Thailand (SET) is closely monitoring the volatility of Delta Electronics Thailand's shares, which have surged 250% in one month, 400% in three months and 1,400% in a year. Total trade volume on Monday was 15.7 million shares, or 5.4% of 279 million free-float shares estimated based on data on the book closing date of March 2. It reported free-float shares contributed 22.4% of total Delta shares this year, with 1.247 billion total paid-up shares. Revenue this year is expected to grow by 11.4%, up from 51 billion baht in 2019 to 57 billion baht in 2020, and by 7.4% to 61 billion baht in 2021 thanks to the company's higher gross profit margin. Delta Electronics Thailand on Monday attributed the share price surge to its right business direction, which matches the global trend for advanced technologies.

Source: Bangkok Post December 29, 2020 01:07 UTC