- Delfi is a dominant market leader of chocolate confectionary products in Indonesia with around a 41% market share. It has been focusing on its premiumisation strategy in offering differentiated products and undertaking acquisitions.
- - Read this at SGinvestors.io -
- Initiate coverage on Delfi with BUY and a target price of S$1.42. Delfi's share price is trading at a discount of 50% vs its Indonesia peers’ average P/E.
Delfi is the market leader of chocolate confectionery products in Indonesia, backed by positive macro trends.
- - Read this at SGinvestors.io -
- Delfi's home market, Indonesia, where it generates more than 70% of its revenue, demonstrates vast potential based on its macro industry trends of a fast-growing middle class, a young population and high domestically-driven GDP growth.
Well-positioned to capitalise on premiumisation trend.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
John Cheong UOB Kay Hian Research | Heidi Mo UOB Kay Hian | https://research.uobkayhian.com/ 2023-02-17
Read also UOB's most recent report:
2024-03-04 Delfi - Margin Falls Expected As Cocoa Prices Hit New Peaks In 2023.
Previous report by UOB:
2023-11-21 Delfi - 3Q23 Resilient Growth Amid Rising Costs Brings Relief.
Price targets by 3 other brokers at Delfi Target Prices.
Listing of research reports at Delfi Analyst Reports.
Relevant links:
Delfi Share Price History,
Delfi Announcements,
Delfi Dividends & Corporate Actions,
Delfi News Articles
