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Market analysts left puzzled as Thailand firm's shares surge by over 1000%

Shortpedia

Content Team
Image Credit: shortpedia

Delta Electronics (Thailand) shocked the analysts as the shares of the firm surged more than 11-fold over the past year. Market experts couldn't spot fundamentals that justified this unexpected growth. The electronic-parts makers' success could be due to its flexibility as it promoted work-from-home activities amid the coronavirus pandemic. Equity trader Jason York said, "Delta has defied all fundamentals."