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

01:20:00 AM, Saturday 9th of January 2021 | in business

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."