Delta Electronics

Delta Electronics is engaged in the installation of electronic control system; the manufacture of power supply unit for computer, computer information system, and electronic engine; and the manufacture, design and sale of communication products and components. Through its subsidiaries, Co. is engaged in the manufacture and sale of electronic control equipment, transformer, electronic devices and products, solar battery, integrated circuits, networking system and peripherals equipment; equity investment; and the provision of information software services.
  • Ticker2308
  • ISINTW0002308004
  • ExchangeTaiwan Stock Exchange
  • SectorElectronic & Electrical Equipment
  • CountryChinese Taipei
2308 Delta Electroni... (Industrial Goods & Services)

With a more favourable environment, DELTA ELECTRONICS improves to Slig...

DELTA ELECTRONICS (TW), a company active in the Electronic Equipment industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 2 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date September 7, 2021, the closing price was TWD 271.50 and its potential was estimated at TWD 328.66.

Peerawat Dentananan
  • Peerawat Dentananan
2308 Delta Electroni... (Industrial Goods & Services)
DELTA Delta Technolog... (Technology)

Delta Electronics (DELTA TB) - Potential Downside Risk From Flooding

Delta has announced the closure of its Bangpoo factory in Samut Prakan for 1-3 days due to floods caused by the heavy rainfall over 28-29 August. Despite the shortterm shutdown, we see the potential downside risk for Delta’s outlook in 3Q21 due to the shortage of materials and a delay in production. Maintain SELL with a target price of Bt460.

Peerawat Dentananan
  • Peerawat Dentananan
2308 Delta Electroni... (Industrial Goods & Services)

DELTA TB - 2Q21: Results Below Expectations; Many Concerns Ahead

Results Delta Electronics (DELTA TB/SELL/Bt576.00/Target: Bt460.00) 2Q21: Results below expectations; many concerns ahead.

Peerawat Dentananan ... (+14)
  • Peerawat Dentananan
  • Adrian Loh Tzum Yung
  • K Ajith
  • Jack Goh Tooan Orng
  • Vincent Khoo Boo Aik
  • Malaysia Research Team
  • Kong Ho Meng
  • Raphon Prima
  • Sandra Huang Jieqiong
  • Neo Chen Wentao
  • Ziv Ang Sze Champ
  • Ken Lee
  • Tham Mun Hon
  • Cherrie Tan Yue
2308 Delta Electroni... (Banks)
G13 Genting Singapo... (Industrial Goods & Services) ... (+8)

Regional Morning Notes - Wednesday, February 10, 2021

GREATER CHINA Economics Money Supply: Corporate loans grew strongly; M0 growth turned negative. Sector Automobile: Overseas auto market weakens on COVID-19 and chip shortage, weighing on Chinese auto parts companies’ earnings recovery. EV Battery Materials: Strong demand boosts EV battery material prices. Machinery: Jan 21: Strong 1Q21 in sight; prefer Zoomlion for its high earnings visibility. INDONESIA Results Bank Central Asia (BBCA IJ/HOLD/Rp34,900/Target: Rp38,550): 2020: Earnings declined only by 5% yoy thanks to 8% yoy net interest income growth. MALAYSIA Results Dialog Group (DLG MK/...

Sarat Ruangtaweep Ruangtaweep ... (+12)
  • Sarat Ruangtaweep Ruangtaweep
  • Tanadech Rungsrithananon
  • Jonathan Koh
  • Loke Pei Hao
  • Desmond Chong Chee Wai
  • Keith Wee Teck Keong
  • Leow Huey Chuen
  • Jacquelyn Yow Hui Li
  • Robin Yuen
  • Julia Pan Mengyao
  • Zhifeng Shen
  • Ken Lee
N1U New Oriental Ed... (Food & Beverage)
2308 Delta Electroni... (Industrial Goods & Services) ... (+11)

Regional Morning Notes - Wednesday, July 29, 2020

KEY STORY GREATER CHINA Initiate Coverage Fuyao Glass (3606 HK/BUY/HK$22.15/Target: HK$27.00): Consolidator of the global auto glass industry. Initiate coverage with BUY. Target price: HK$27.00. GREATER CHINA Initiate Coverage Fuyao Glass (3606 HK/BUY/HK$22.15/Target: HK$27.00): Consolidator of the global auto glass industry. Initiate coverage with BUY. Target price: HK$27.00. Results Kweichow Moutai (600519 CH/BUY/Rmb1,670/Target: Rmb1,938): 1H20: Improving cash flow status. Upgrade to BUY. New Oriental Education & Technology Group (EDU US/BUY/US$139.75/Target: US$162.00): 4QFY20: Near-term...

2308 Delta Electroni... (Industrial Goods & Services)

With a more favourable environment, DELTA ELECTRONICS improves to Slig...

DELTA ELECTRONICS (TW), a company active in the Electronic Equipment industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 2 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date September 7, 2021, the closing price was TWD 271.50 and its potential was estimated at TWD 328.66.

Peerawat Dentananan
  • Peerawat Dentananan
2308 Delta Electroni... (Industrial Goods & Services)
DELTA Delta Technolog... (Technology)

Delta Electronics (DELTA TB) - Potential Downside Risk From Flooding

Delta has announced the closure of its Bangpoo factory in Samut Prakan for 1-3 days due to floods caused by the heavy rainfall over 28-29 August. Despite the shortterm shutdown, we see the potential downside risk for Delta’s outlook in 3Q21 due to the shortage of materials and a delay in production. Maintain SELL with a target price of Bt460.

Peerawat Dentananan
  • Peerawat Dentananan
2308 Delta Electroni... (Industrial Goods & Services)

DELTA TB - 2Q21: Results Below Expectations; Many Concerns Ahead

Results Delta Electronics (DELTA TB/SELL/Bt576.00/Target: Bt460.00) 2Q21: Results below expectations; many concerns ahead.

Peerawat Dentananan ... (+14)
  • Peerawat Dentananan
  • Adrian Loh Tzum Yung
  • K Ajith
  • Jack Goh Tooan Orng
  • Vincent Khoo Boo Aik
  • Malaysia Research Team
  • Kong Ho Meng
  • Raphon Prima
  • Sandra Huang Jieqiong
  • Neo Chen Wentao
  • Ziv Ang Sze Champ
  • Ken Lee
  • Tham Mun Hon
  • Cherrie Tan Yue
2308 Delta Electroni... (Banks)
G13 Genting Singapo... (Industrial Goods & Services) ... (+8)

Regional Morning Notes - Wednesday, February 10, 2021

GREATER CHINA Economics Money Supply: Corporate loans grew strongly; M0 growth turned negative. Sector Automobile: Overseas auto market weakens on COVID-19 and chip shortage, weighing on Chinese auto parts companies’ earnings recovery. EV Battery Materials: Strong demand boosts EV battery material prices. Machinery: Jan 21: Strong 1Q21 in sight; prefer Zoomlion for its high earnings visibility. INDONESIA Results Bank Central Asia (BBCA IJ/HOLD/Rp34,900/Target: Rp38,550): 2020: Earnings declined only by 5% yoy thanks to 8% yoy net interest income growth. MALAYSIA Results Dialog Group (DLG MK/...

Sarat Ruangtaweep Ruangtaweep ... (+12)
  • Sarat Ruangtaweep Ruangtaweep
  • Tanadech Rungsrithananon
  • Jonathan Koh
  • Loke Pei Hao
  • Desmond Chong Chee Wai
  • Keith Wee Teck Keong
  • Leow Huey Chuen
  • Jacquelyn Yow Hui Li
  • Robin Yuen
  • Julia Pan Mengyao
  • Zhifeng Shen
  • Ken Lee
N1U New Oriental Ed... (Food & Beverage)
2308 Delta Electroni... (Industrial Goods & Services) ... (+11)

Regional Morning Notes - Wednesday, July 29, 2020

KEY STORY GREATER CHINA Initiate Coverage Fuyao Glass (3606 HK/BUY/HK$22.15/Target: HK$27.00): Consolidator of the global auto glass industry. Initiate coverage with BUY. Target price: HK$27.00. GREATER CHINA Initiate Coverage Fuyao Glass (3606 HK/BUY/HK$22.15/Target: HK$27.00): Consolidator of the global auto glass industry. Initiate coverage with BUY. Target price: HK$27.00. Results Kweichow Moutai (600519 CH/BUY/Rmb1,670/Target: Rmb1,938): 1H20: Improving cash flow status. Upgrade to BUY. New Oriental Education & Technology Group (EDU US/BUY/US$139.75/Target: US$162.00): 4QFY20: Near-term...

2308 Delta Electroni... (Industrial Goods & Services)

With a more favourable environment, DELTA ELECTRONICS improves to Slig...

DELTA ELECTRONICS (TW), a company active in the Electronic Equipment industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 2 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date September 7, 2021, the closing price was TWD 271.50 and its potential was estimated at TWD 328.66.

Peerawat Dentananan
  • Peerawat Dentananan
2308 Delta Electroni... (Industrial Goods & Services)
DELTA Delta Technolog... (Technology)

Delta Electronics (DELTA TB) - Potential Downside Risk From Flooding

Delta has announced the closure of its Bangpoo factory in Samut Prakan for 1-3 days due to floods caused by the heavy rainfall over 28-29 August. Despite the shortterm shutdown, we see the potential downside risk for Delta’s outlook in 3Q21 due to the shortage of materials and a delay in production. Maintain SELL with a target price of Bt460.

Peerawat Dentananan
  • Peerawat Dentananan
2308 Delta Electroni... (Industrial Goods & Services)

DELTA TB - 2Q21: Results Below Expectations; Many Concerns Ahead

Results Delta Electronics (DELTA TB/SELL/Bt576.00/Target: Bt460.00) 2Q21: Results below expectations; many concerns ahead.

Peerawat Dentananan ... (+14)
  • Peerawat Dentananan
  • Adrian Loh Tzum Yung
  • K Ajith
  • Jack Goh Tooan Orng
  • Vincent Khoo Boo Aik
  • Malaysia Research Team
  • Kong Ho Meng
  • Raphon Prima
  • Sandra Huang Jieqiong
  • Neo Chen Wentao
  • Ziv Ang Sze Champ
  • Ken Lee
  • Tham Mun Hon
  • Cherrie Tan Yue
2308 Delta Electroni... (Banks)
G13 Genting Singapo... (Industrial Goods & Services) ... (+8)

Regional Morning Notes - Wednesday, February 10, 2021

GREATER CHINA Economics Money Supply: Corporate loans grew strongly; M0 growth turned negative. Sector Automobile: Overseas auto market weakens on COVID-19 and chip shortage, weighing on Chinese auto parts companies’ earnings recovery. EV Battery Materials: Strong demand boosts EV battery material prices. Machinery: Jan 21: Strong 1Q21 in sight; prefer Zoomlion for its high earnings visibility. INDONESIA Results Bank Central Asia (BBCA IJ/HOLD/Rp34,900/Target: Rp38,550): 2020: Earnings declined only by 5% yoy thanks to 8% yoy net interest income growth. MALAYSIA Results Dialog Group (DLG MK/...

Sarat Ruangtaweep Ruangtaweep ... (+12)
  • Sarat Ruangtaweep Ruangtaweep
  • Tanadech Rungsrithananon
  • Jonathan Koh
  • Loke Pei Hao
  • Desmond Chong Chee Wai
  • Keith Wee Teck Keong
  • Leow Huey Chuen
  • Jacquelyn Yow Hui Li
  • Robin Yuen
  • Julia Pan Mengyao
  • Zhifeng Shen
  • Ken Lee
N1U New Oriental Ed... (Food & Beverage)
2308 Delta Electroni... (Industrial Goods & Services) ... (+11)

Regional Morning Notes - Wednesday, July 29, 2020

KEY STORY GREATER CHINA Initiate Coverage Fuyao Glass (3606 HK/BUY/HK$22.15/Target: HK$27.00): Consolidator of the global auto glass industry. Initiate coverage with BUY. Target price: HK$27.00. GREATER CHINA Initiate Coverage Fuyao Glass (3606 HK/BUY/HK$22.15/Target: HK$27.00): Consolidator of the global auto glass industry. Initiate coverage with BUY. Target price: HK$27.00. Results Kweichow Moutai (600519 CH/BUY/Rmb1,670/Target: Rmb1,938): 1H20: Improving cash flow status. Upgrade to BUY. New Oriental Education & Technology Group (EDU US/BUY/US$139.75/Target: US$162.00): 4QFY20: Near-term...

2308 Delta Electroni... (Industrial Goods & Services)

With a more favourable environment, DELTA ELECTRONICS improves to Slig...

DELTA ELECTRONICS (TW), a company active in the Electronic Equipment industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 2 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date September 7, 2021, the closing price was TWD 271.50 and its potential was estimated at TWD 328.66.

Peerawat Dentananan
  • Peerawat Dentananan
2308 Delta Electroni... (Industrial Goods & Services)
DELTA Delta Technolog... (Technology)

Delta Electronics (DELTA TB) - Potential Downside Risk From Flooding

Delta has announced the closure of its Bangpoo factory in Samut Prakan for 1-3 days due to floods caused by the heavy rainfall over 28-29 August. Despite the shortterm shutdown, we see the potential downside risk for Delta’s outlook in 3Q21 due to the shortage of materials and a delay in production. Maintain SELL with a target price of Bt460.

Peerawat Dentananan
  • Peerawat Dentananan
2308 Delta Electroni... (Industrial Goods & Services)

DELTA TB - 2Q21: Results Below Expectations; Many Concerns Ahead

Results Delta Electronics (DELTA TB/SELL/Bt576.00/Target: Bt460.00) 2Q21: Results below expectations; many concerns ahead.

Peerawat Dentananan ... (+14)
  • Peerawat Dentananan
  • Adrian Loh Tzum Yung
  • K Ajith
  • Jack Goh Tooan Orng
  • Vincent Khoo Boo Aik
  • Malaysia Research Team
  • Kong Ho Meng
  • Raphon Prima
  • Sandra Huang Jieqiong
  • Neo Chen Wentao
  • Ziv Ang Sze Champ
  • Ken Lee
  • Tham Mun Hon
  • Cherrie Tan Yue
2308 Delta Electroni... (Banks)
G13 Genting Singapo... (Industrial Goods & Services) ... (+8)

Regional Morning Notes - Wednesday, February 10, 2021

GREATER CHINA Economics Money Supply: Corporate loans grew strongly; M0 growth turned negative. Sector Automobile: Overseas auto market weakens on COVID-19 and chip shortage, weighing on Chinese auto parts companies’ earnings recovery. EV Battery Materials: Strong demand boosts EV battery material prices. Machinery: Jan 21: Strong 1Q21 in sight; prefer Zoomlion for its high earnings visibility. INDONESIA Results Bank Central Asia (BBCA IJ/HOLD/Rp34,900/Target: Rp38,550): 2020: Earnings declined only by 5% yoy thanks to 8% yoy net interest income growth. MALAYSIA Results Dialog Group (DLG MK/...

Sarat Ruangtaweep Ruangtaweep ... (+12)
  • Sarat Ruangtaweep Ruangtaweep
  • Tanadech Rungsrithananon
  • Jonathan Koh
  • Loke Pei Hao
  • Desmond Chong Chee Wai
  • Keith Wee Teck Keong
  • Leow Huey Chuen
  • Jacquelyn Yow Hui Li
  • Robin Yuen
  • Julia Pan Mengyao
  • Zhifeng Shen
  • Ken Lee
N1U New Oriental Ed... (Food & Beverage)
2308 Delta Electroni... (Industrial Goods & Services) ... (+11)

Regional Morning Notes - Wednesday, July 29, 2020

KEY STORY GREATER CHINA Initiate Coverage Fuyao Glass (3606 HK/BUY/HK$22.15/Target: HK$27.00): Consolidator of the global auto glass industry. Initiate coverage with BUY. Target price: HK$27.00. GREATER CHINA Initiate Coverage Fuyao Glass (3606 HK/BUY/HK$22.15/Target: HK$27.00): Consolidator of the global auto glass industry. Initiate coverage with BUY. Target price: HK$27.00. Results Kweichow Moutai (600519 CH/BUY/Rmb1,670/Target: Rmb1,938): 1H20: Improving cash flow status. Upgrade to BUY. New Oriental Education & Technology Group (EDU US/BUY/US$139.75/Target: US$162.00): 4QFY20: Near-term...

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