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BackDelta Electronics makes a strong counterattack! The intraday price surge reached the limit of 1,160 yuan. I made 140,000 yuan by buying one of last week's lows.
Delta Electronics makes a strong counterattack! The intraday price surge reached the limit of 1,160 yuan. I made 140,000 yuan by buying one of last week's lows.
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自由时报17 minutes agoBusiness2 min readChinaView original

Delta Electronics makes a strong counterattack! The intraday price surge reached the limit of 1,160 yuan. I made 140,000 yuan by buying one of last week's lows.

After a substantial correction, Delta Electronics (2308) hit its daily limit for a long time today, with the book value of a single stock increasing by 140,000 yuan.

Quick Look

  • The stock price of Delta Electronics (2308) hit its daily limit today (9th), soaring to 1,160 yuan during the session.
  • Compared with the lowest intraday price of 1,020 yuan last Friday (6th), the price difference in just one trading day reached 140 yuan, and the book value of each stock increased by 140,000 yuan.
  • The number of Delta Electronics shareholders reached 712,573, an increase of 29,465 in a single week, setting a new record high.

AI-generated summary

Why It Matters

Delta Electronics' stock price reached a record high of 2,585 yuan at the end of May this year, and then entered a volatile correction. After inventory concerns were reported in the market in October, selling pressure intensified, and the stock price fell below 2,000 yuan and continued to decline. The lowest was as low as 1,020 yuan, and the relatively high point was almost halved. During the third quarter legal conference, chairman Zheng Ping emphasized that "inventory problems are a short-term phenomenon" in an attempt to stabilize market confidence.

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Delta Electronics (2308) finally made a strong counterattack! After a wave of sharp corrections, the stock price reached its long-awaited daily limit today (9th).

[Financial Channel/Comprehensive Report] Delta Electronics (2308) finally made a strong counterattack! After a wave of sharp corrections, the stock price reached its long-awaited daily limit today (9th), soaring to 1,160 yuan during the session, showing a strong rebound momentum. If calculated from the lowest intraday price of 1,020 yuan on Friday (6th) to today's daily limit of 1,160 yuan, the price difference in just one trading day reaches 140 yuan, which is equivalent to a profit of 140,000 yuan per stock, making investors who entered the market at a low level welcome the generous price difference.

Looking back at the trend of Delta Electronics' stock price this year, it once reached a record high price of 2,585 yuan at the end of May. However, the increase gradually weakened and the stock price began to enter a volatile correction. Especially after inventory concerns were reported in the market in October, the selling pressure further intensified. The stock price not only fell below the 2,000 yuan mark, but also fell all the way down, falling sharply from the high end.

Although Delta Electronics Chairman Zheng Ping personally came forward to clarify doubts during the third quarter's press conference, emphasizing that "inventory problems are a short-term phenomenon" in an attempt to stabilize market confidence, it was still unable to immediately reverse the stock price weakness. Delta Electronics' stock price continues to be under pressure, reaching a low of 1,020 yuan. It is almost half of this year's high, which has also put many investors under considerable pressure.

However, the deep fall in stock prices has also attracted funds to enter the market. After Delta Electronics hit a low of 1,020 yuan last Friday, bargain hunting orders gradually emerged in the market, and the number of shareholders also increased significantly. The latest data from the CHEP shows that the number of Delta Electric shareholders has reached 712,573, an increase of 29,465 in a single week, which not only reflects the increase in market participation, but also sets a record high.

Now Delta's stock price has rebounded strongly, hitting the daily limit of 1,160 yuan today. Based on the lowest intraday price of 1,020 yuan last Friday, the share price rose by 140 yuan today. Holding one share can increase the book value by 140,000 yuan. This wave of strong counterattack also welcomes a bumper harvest to investors who have successfully grasped the opportunity to enter the market at a low level.

Open Questions

  • Can the rebound in Delta Electronics’ stock price be sustained, or is it a short-term technical rebound?
  • Has the inventory problem been substantially improved?
  • Funding sources and changes in shareholding structure behind the surge in the number of shareholders

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This article was originally published by 自由时报.

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