Delta Electronics (Thailand) 3Q Earnings Set to Recover
Dow Jones
Sep 30
0400 GMT - Delta Electronics (Thailand)'s 3Q net profit is set to improve on quarter following its weak 2Q performance, UOB Kay Hian analysts say in a note. Earnings in 2Q were weighed by headwinds, including raw material shortages, they say. However, the electronics products manufacturer's sales are expected to remain strong and support 3Q earnings. UOB KH expects the company's 3Q net profit to rise 48% on quarter to 8.97 billion baht. It maintains a buy rating on the stock and its target price of 300.00 baht. Shares are down 1.15% at 259.00 baht.
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