DBS Group Research analyst Chung Wei Le has kept “buy” on Delfi Limited., with an increased target price to $1.07 from $1.06. The higher target price comes despite Delfi’s EBITDA for the 3QFY2021 ended September standing slightly below Chung’s expectations. “Unfortunately, the rapid rise...

THE following companies saw new developments that may affect trading of their securities on Wednesday (Nov 17):

CHOCOLATE confectionery company Delfi posted earnings before interest, taxes, depreciation and amortisation (Ebitda) of US$6.4 million for the third quarter ended September, up 20.8 per cent from Ebitda of US$5.3 million in the corresponding period last year.

CGS-CIMB analyst Tay Wee Kuang has reiterated his “add” rating for Delfi with an unchanged target price of $1.02 following a recent non-deal roadshow meeting with the company. In a Sept 28 research note, Tay highlights that Delfi’s management shared its concerns on short-term uncertainties fac...

1. Can you elaborate more on Delfi’s consumer segments in terms of demographics and geographic? Headquartered in Singapore, Delfi has a presence in Asia with a leading market share in Indonesia, where the business first started. Its portfolio of confectionery products consists of global legacy b...

CGS-CIMB on Monday initiated coverage on chocolate manufacturer Delfi with "add", along with a target price of S$1.02, citing an attractive valuation.

CGS-CIMB Research analyst Tay Wee Kuang has initiated “add” on chocolate confectionery company Delfi with a target price of $1.02, representing a 32.1% upside to the counter’s last-closed price of 775 cents. Citing Euromonitor, Tay notes that Delfi commands about 40% of Indonesia’s chocolate...

CGS-CIMB on Monday initiated coverage on chocolate manufacturer Delfi with "add", along with a target price of S$1.02, citing an attractive valuation.

Last year, when the Covid-19 pandemic hit Singapore, many businesses suffered. They were forced to halt their businesses for months, especially during the “circuit breaker”. But a few have emerged as beneficiaries amid the havoc, such as supermarket operators. Deemed as an essential service, sup...

DBS Group Research analyst Chung Wei Le has maintained “buy” on chocolate confectionery maker Delfi with a higher target price of $1.06 from 96 cents previously. The analyst says he remains “cautiously optimistic” that Delfi would be able to exceed its level of sales pre-Covid-19 in the FY20...