SET warns investors be cautious over investment in DELTA

Monday 24 April 2023 08:24
As the first level of market surveillance measures imposed on Delta Electronics (Thailand) pcl (DELTA)'s stock since April 3, 2023 comes to an end on April 21 and the stock will be traded as normal from April 24, 2023 onwards, The Stock Exchange of Thailand (SET); therefore, urges investors to thoroughly and cautiously study information related to DELTA including research issued by securities companies before making investment decisions. As of April 21, 2023, DELTA's price to earnings ratio (P/E) and price per book value (PBV) stood at 72.35 times and 20.30 times, respectively.

If DELTA's irregular trading activities continue without any fundamental support, SET will impose the second and the third level respectively of market surveillance measures on DELTA's stock in compliance with the existing regulations.

Note:
Market surveillance measures comprise of:
The first level: Excluded from credit limit and 100 percent cash prepayment (cash balance
account)
The second level: Prohibited from net settlement, excluded from credit limit and 100 percent
cash prepayment (cash balance account)
The third level: Suspension for one business day, prohibited from net settlement, excluded
from credit limit and 100 percent cash prepayment (cash balance account)

Source: SET Corporate Communications