When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
DLEGF - Delta Electronics: Lofty Valuations Are Unjustified (Rating Downgrade)
Delta Electronics (Thailand) Public Company Limited (Alien Market)
2024-06-03 15:49:09 ET
Summary
Delta Electronics' prospects are negative considering that the company is anticipating a more moderate pace of top line and bottom-line expansion this year.
But the stock is expensive, taking into account its historical valuations and medium-term earnings growth outlook.
A Sell rating for DLEGF is warranted, as there is a mismatch between the stock's valuations and the company's outlook.
Elevator Pitch
I rate Delta Electronics (Thailand) Public Company Limited ( DLEGF ) [DELTA:TB] as a Sell....