This Electronics Company Just Topped the World’s No. 1 Airport Stock to Be Largest Thai Firm
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Delta Electronics (Thailand) Pcl, a unit of Taiwan-based Delta Electronics Inc., overtook the world’s most-valuable airport operator and an oil giant to become Thailand’s largest listed company on optimism about demand for its server, cloud-storage and EV-charging products.
The maker of electronic parts surged 12% to a record 930 baht on Tuesday, extending a three-day rally to 32%. That increased its market value to 1.16 trillion baht ($33.8 billion), surpassing Airports of Thailand Pcl and PTT Pcl, two state-controlled companies.