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....
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Delta Electronics: Lofty Valuations Are Unjustified (Rating Downgrade)