| Author | Li, Xue |
| Call Number | AIT RSPR no. SM-98-61 |
| Subject(s) | Stocks--Prices--Thailand
|
| Note | A research study submitted in partial fulfillment of the requirements for the degree of Master of Business Administration. School of Management |
| Publisher | Asian Institute of Technology |
| Series Statement | Research studies project report ; no. SM-98-61 |
| Abstract | Delta Electronics (Thailand) PCL is a Taiwanese invested company in Thailand. It was
listed in the Stock Exchange of Thailand in 1995. During 1997 and at the beginning of
1998 Delta share price enjoyed a rocket rally from the record low of 60 to the highest level
of 840 Baht, and currently is trading at 500 to 600 Baht.
This research study is concentrated on the analysis of Delta Electronics (Thailand) share
performance. In the study some stock brokers and research companies are interviewed to
access the way their thinking when they invest in stock market. Some quantitative analyses
are also made in the study in order to have a completed picture of the company, Delta
Electronics (Thailand) PCL.
There are many factors that would be coricerned by stock investors. Macro economic
indicators are definitely needed when investors are thinking country selection for stock
investment. Industry situation is an important factor to select the investing sector. In
Thailand, stock market is quiet and share price are at a fairly low level. Through some
assessment of Thai economy 1997 and prospect 1998, the author has concluded that in
Thailand, interest rate and fundamental economy is negative to the stock market while
liquidity and trends for the country economic growth are positive to the stock market in
1998.
Delta's share price rallied from around 80 Baht to 800 Baht, which amazed all investors in
Thailand. After a thorough analysis of the company the author concluded that it is the
healthy operation other than speculation that propelled the share price to a sky level. Delta
is highly geared to rapid changing computer market. In the past several years it enjoyed
double digit growth rate, especially last year it benefited from Thai Baht devaluation and
achieved 21 % growth rate.
Valuation to Delta share included analysis of the company's information that investors are
interested in, namely sales, customers, products, competition, operation, finance, strategy
and management.
In order to solve the liquidity problem of Delta shares in the stock market Delta will dilute
its share in the ratio of 2: 1. After the new valuation of Delta share the author
recommended investors BUY Delta share below 260 Baht after the capital increase right
date of April 20, 1998. |
| Year | 1998 |
| Corresponding Series Added Entry | Asian Institute of Technology. Research studies project report ; no. SM-98-61 |
| Type | Research Study Project Report (RSPR) |
| School | School of Management (SOM) |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Master of Business Administration (MBA) (Publication code=SM) |
| Chairperson(s) | Tang, John C.S. |
| Examination Committee(s) | Do Ba Khang ;Buchel, Bettina |
| Scholarship Donor(s) | Asian Institute of Technology |
| Degree | Research Studies Project Report (M. Sc.) - Asian Institute of Technology, 1998 |