Delfi - Lim & Tan Securities 2024-04-17: Strong Demand To Offset Lower Margins

• Delfi (SGX:P34)'s FY23 revenue rose 12.7% y-o-y to US$538.2mln, benefiting from strong demand in both Own Brands and Agency Brands, and across Indonesia and Regional Markets. The sales are record numbers in Delfi’s history, post-divestment of its cocoa-processing business in 2013.

Strong performance across all segments.

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

Partnering with major global brands

• Driven by strong GDP growth in Delfi’s key markets of Indonesia and Philippines, willingness to indulge in premium treats will have a positive long-term impact on the consumption of chocolate confectioneries.
• To increase interest among customers, Delfi continues to partner with major global brand companies by co-branding suitable products.
  • Read more at SGinvestors.io.

Above is an excerpt from a report by Lim & Tan Securities Research.
Clients of Lim & Tan Securities may be the first to access the full PDF report @ https://www.limtan.com.sg/.

Read also LIM's most recent report:
2024-08-27 Delfi - Attractive Yields While Awaiting Recovery.

Price targets by 2 other brokers at Delfi Target Prices.

Listing of research reports at Delfi Analyst Reports.

Relevant links:
Delfi Share Price History,
Delfi Announcements,
Delfi Dividend Payout Dates & Corporate Actions,
Delfi News