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

Delta Taiwan Vs. Thailand Monitor: Delta Thai Remains at Extreme Relative Value Even After Sell-Off

Delta Electronics Thailand (Delta.BK): Buying Opportunity

The Week That Was in ASEAN@Smartkarma - BCA's Slower Expectations, BRI's Ultra Attractive, and ACES

Delta Electronics (Thailand) - Key takeaways from Invest ASEAN (DELTA TB, CP THB78, Noted Rated, Industrials)

Delta Electronics (Thailand) - Strong 3Q24 Net Profit but Share Price Fully Valued

Delta Electronics (Thailand) - Slowing growth despite robust AI trend (DELTA TB, CP THB138.00, Initiate HOLD, TP THB124.20, Technology)

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

Equity Bottom-Up

Delta Electronics Thailand  / Equity Bottom-Up

<ul>
<li>Delta Thailand 130% Rally -- Massive Valuation Mismatch vs. Parent (Again)</li>
<li>Consensus Forecasts Show Higher Earnings Growth Profile for Delta Taiwan</li>
<li>Valuation Mismatch Is Not Sustainable -- Long Delta Taiwan vs. Short Delta Thailand</li>
</ul>


Delta Thailand 130% Rally -- Massive Valuation Mismatch vs. Parent (Again)
Consensus Forecasts Show Higher Earnings Growth Profile for Delta Taiwan
Valuation Mismatch Is Not Sustainable -- Long Delta Taiwan vs. Short Delta Thailand


Delta Taiwan Vs. Thailand Monitor: Thai Shares' Extreme Valuation Is Back; Unsustainable Mismatch