Key facts
- Delta Electronics Thailand's share price has surged 165% since March.
- Delta Electronics Thailand is now Thailand's most valuable company.
- The company has a market capitalization of 1.88 trillion baht.
- CEO Victor Cheng described the share price surge as 'not healthy'.
- Delta Electronics Thailand met with the Stock Exchange of Thailand.
- The meeting addressed market concerns regarding the share price surge.
Delta Electronics Thailand's share price has experienced a dramatic surge of 165% since March, a rapid ascent that has elevated it to become Thailand's most valuable company. The company's market capitalization has reached an impressive 1.88 trillion baht. This significant escalation has not gone unnoticed by the company's leadership, with CEO Victor Cheng expressing concerns about the 'not healthy' nature of the share price increase. In response to these market concerns and the rapid share price movement, Delta Electronics Thailand has initiated a meeting with the Stock Exchange of Thailand. The purpose of this meeting is to discuss the situation and address the underlying market dynamics contributing to the surge.