Reported 8 months ago
On June 22, 2024, Delta Electronics (1309) experienced a surge in stock price by 8.38% as a result of steady expansion into new markets and improved performance in May. This surge, along with increased trading volume, surpassed the yearly closing hurdle. With consecutive gains, the stock reached a short-term high, marking a total increase of 19.08%. Delta's efforts in expanding overseas markets, particularly in India, Egypt, Southeast Asia for ABS, and Central and South America, Africa, Middle East for GPS products, have started to yield positive results. With ABS and PS markets showing strength, the company saw a 34.88% year-on-year revenue growth in May and a 16.48% increase in revenue for the first five months of the year.
Source: YAHOO