SINGAPORE (May 27): RHB Research is reiterating its strong “buy” call on Delfi with a target price of $1.68, which implies 28 times FY19F P/E and implies 24% upside and 2.5% dividend yield. This comes after the confectionery manufacturer posted 21.6% y-o-y higher 1Q earnings of $12.6 million o...

SINGAPORE (May 14): Delfi reported 1Q19 earnings ended March increased 21.6% to US$9.2 million ($12.6 million) from US$7.6 million in 1Q18. Revenue for 1Q19 was 19.5% higher at US$128.2 million from US$107.3 million a year ago, with higher revenue contribution from both Indonesia and regional mark...

SINGAPORE (Apr 5): RHB Research is maintaining its sector “overweight” on consumer stocks although it cautions of benign consumer sentiment for 2019, with Singaporeans expected to spend more prudently amid an uncertain macroeconomic outlook. In the research house’s view, consumer confidence p...

SINGAPORE (April 5): RHB Research is maintaining its sector “overweight” on consumer stocks although it cautions of benign consumer sentiment for 2019, with Singaporeans expected to spend more prudently amid an uncertain macroeconomic outlook. In the research house’s view, consumer confidence...

SINGAPORE (Mar 1): Delfi on Wednesday announced 4Q18 earnings increased 70.4% y-o-y to US$4.13 million ($5.57 million), while revenue was 8.1% higher at US$107.9 million. For FY18, the group recorded a 6% increase in earnings to US$20.9 million compared to the same period a year ago, with a 12.0% y...