Managing Director, Zero One, Zero One

Vincent Fernando, CFA

20 years of experience researching capital markets in Asia and the USA.

Managing Director, Zero One

Yageo: Left Behind By the 'AI Rally', But Robust Business Still Tied to Strong Power/EV Drivers

Yageo: Company Visit -- Improving Revenue Quality & Cashed-Up Actively Looking For Acquisitions

Delta Taiwan Vs. Thailand Monitor: Delta Thai Crashes Vs. Taiwan After Results, Can Correct Further

Delta Taiwan Vs. Thailand Monitor: Delta Thai Stages Sharp Rebound; Should SET50 Index Be Fixed?

Delta Taiwan Vs. Thailand Monitor: Valuation Divergence Hits a New Extreme

A Bull Investment Case for TSMC (Summary Version)

Equity Bottom-Up

Delta Electronics Thailand  / Equity Bottom-Up

<ul>
<li>Delta Thailand surged 20% since our last trade monitor piece. This was without any significant news and the company received another query from the stock exchange as a result.</li>
<li>Delta Taiwan increased by a higher 22%, thus the extreme valuation mismatch between the two has corrected slightly. Delta Taiwan is still only 0.78x the market cap of Delta Thailand.</li>
<li>Delta Taiwan last week announced the acquisition of a German company that makes components for vehicles. This will strengthen Delta's battery management product portfolio and add client relationships.</li>
</ul>


Delta Thailand surged 20% since our last trade monitor piece. This was without any significant news and the company received another query from the stock exchange as a result.
Delta Taiwan increased by a higher 22%, thus the extreme valuation mismatch between the two has corrected slightly. Delta Taiwan is still only 0.78x the market cap of Delta Thailand.
Delta Taiwan last week announced the acquisition of a German company that makes components for vehicles. This will strengthen Delta's battery management product portfolio and add client relationships.


Delta Taiwan Vs. Thailand Monitor: Delta Thai Surges On No News; When Will SET50 Be Fixed?