Summary · why it matters
Four brokerages agree that the third-quarter 2026 profit of Delta Electronics (Thailand) Public Company Limited, or DELTA, will recover significantly, forecasting net profit or core business profit in the range of 7,900 to 8,970 million baht, rising both year on year and quarter on quarter, after raw material shortage problems began to ease, while orders from the Data Center and AI groups remain strong. KGI Securities (Thailand) maintains a Buy rating with a target price of 320 baht, expecting core profit in the third quarter of 2026 at 8.3 billion baht, up 30% year on year and 50% quarter on quarter, on sales of 2.3 billion US dollars, up 39% year on year and 14% quarter on quarter, driven by investment from Cloud Service Providers that aim to raise their 2026 capital expenditure by 77% year on year. Finansia Syrus Securities recommends Buy with a 2027 target price of 290 baht, expecting third-quarter 2026 profit at 8.3 billion baht and forecasting fourth-quarter 2026 profit to reach a new high of more than 10 billion baht from the gradual delivery of delayed orders. UOB Kay Hian maintains a Buy rating with a target price of 300 baht, expecting third-quarter 2026 net profit at 8.97 billion baht, up 21% year on year and 48% quarter on quarter. Liberator Securities recommends Buy with a fair value of 322 baht, expecting third-quarter 2026 net profit at 7,900 million baht, up 6% year on year and 30% quarter on quarter, and has raised its 2026 sales estimate to 8.71 billion US dollars, up 45% year on year, and lifted its net profit estimate to 31,939 million baht, up 29% year on year. It views that the issuance of a 1.5 billion US dollar Exchangeable Bond by Delta Electronics International (Singapore), a subsidiary of the Taiwanese parent company, will not affect operations, and that this issue has already been reflected in the share price.
Delta Electronics (Thailand) Public Company Limited
Delta Electronics Inc
Finansia X Public Company Limited