Vayupak 1 Heavy Losses from DELTA Shares

MGR Online•Economy•19d ago

Reader Briefing

Vayupak 1 Mutual Fund experienced significant investment losses due to the price drop of Delta Electronics (Thailand) Public Company Limited shares.

•Vayupak 1 holds 142.54 million shares of DELTA, representing 1.14% of the registered capital.
•DELTA shares dropped 43 baht over two days (July 27 and July 30), causing an estimated loss of 6,129 million baht for Vayupak 1.
•The investment in DELTA accounts for approximately 39,626.12 million baht, or 22.77% of Vayupak 1's market capitalization.
•Factors contributing to the decline include Middle East conflicts and a global technology stock bubble.

•Vayupak 1 is the 9th largest shareholder of Delta Electronics (Thailand) Public Company Limited (DELTA).
•Vayupak 1 invested heavily in DELTA to align its returns with the average return of the Stock Exchange of Thailand due to DELTA's high weight in index calculations.
•DELTA's P/E ratio had previously exceeded 150 times and currently stands at 116 times, with dividend yields between 0.20% and 0.30%.
•The Stock Exchange of Thailand has periodically announced trading supervision measures and warned investors about stocks with prices exceeding fundamentals.
•On July 27, DELTA's price dropped 22 baht to close at 285 baht, and on July 30, it dropped another 21 baht to close at 264 baht.
•The price drop on July 27 and July 30 resulted in an estimated loss of 6,129 million baht for Vayupak 1, though a recovery to 278 baht on July 31 returned 1,995 million baht.
•The total market capitalization of Vayupak 1 is 174,000 million baht.
•Vayupak 1 unit holders must closely monitor DELTA because the fund's net asset value is significantly affected by DELTA's price volatility.

Full article content is available on the original source.

Delta Electronics (Thailand) Public Company Limited(บริษัท เดลต้า อิเล็กทรอนิกส์ (ประเทศไทย) จำกัด (มหาชน))

A company whose stock is heavily held by Vayupak 1 and subject to trading supervision by the Stock Exchange of Thailand.

Vayupak 1 Mutual Fund(กองทุนรวมวายุภักษ์ 1)

The 9th largest shareholder of DELTA with a market capitalization of 174,000 million baht.

Stock Exchange of Thailand(ตลาดหลักทรัพย์ฯ)ℹ️

The entity that implements trading supervision measures and warns investors about high-speculation stocks.

Sunan Srichantra(สุนันท์ ศรีจันทรา)

The author of the article regarding Vayupak 1 and DELTA shares.

Middle East(ตะวันออกกลาง)ℹ️

A region where escalating war conditions have impacted electronic component stocks in the Thai market.