FSS upgrades DELTA to Buy with 290 baht target, eyeing record Q4 profit

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โดย Kaohoon·TH·Read original
Summary · why it matters

Finansia Syrus Securities Public Company Limited, or FSS, has upgraded Delta Electronics (Thailand) Public Company Limited, or DELTA, to "Buy" with a 2027 target price of 290 baht. FSS expects DELTA's third-quarter 2026 profit to reaccelerate to 8.3 billion baht, up 37% from the previous quarter and up 12% from the same period a year earlier, driven by a recovery in gross margin as raw material problems begin to ease, while demand for AI data center products remains strong. For the fourth-quarter 2026 profit outlook, FSS expects a new high of more than 10 billion baht, supported by deliveries of orders delayed from earlier periods, which should lift full-year 2026 net profit to 32 billion baht, up 30% from the previous year. For 2027, FSS expects DELTA's profit to grow another 41% from the previous year to 45 billion baht, with the slowdown in bond yields a positive factor for investment sentiment in technology and growth stocks. On technical factors, FSS assesses DELTA's support at 235-232 baht, resistance at 248-250 baht, and the next resistance at 259 baht.

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