DBS Group Research analysts Yeo Kee Yan and Janice Chua believe that the 2QFY2022 performance of SGX-listed counters has “allayed” concerns of further lows.In a report dated Aug 24, the analysts write that the 2QFY2022 results season “debunked immediate slowdown concerns”, reflecting Singapo...

CGS-CIMB has raised Delfi’s target price to S$1.28 from S$1.09 previously, while maintaining its “add” call on the stock. 

Analysts are positive on Delfi after its core net profit of US$19.4 million ($26.6 million) for the 1HFY2022 ended June stood at a record-high. The figure was also a strong beat to street estimates post-disposal of its cocoa ingredients unit in FY2015.CGS-CIMB Group Research analysts Tay Wee Kuang a...

Delfi Limited has reported earnings of US$19.4 million ($26.6 million) for the 1HFY2022 ended June, 57.6% higher y-o-y.During the period, revenue increased by 17.0% y-o-y to US$246.3 million, surpassing the company’s pre-Covid-19 levels. The improved topline was driven by double-digit revenue grow...

CHOCOLATE confectionery company Delfi posted a net profit of US$19.4 million in H1 2022, up 57.6 per cent from the corresponding period last year.

CGS-CIMB Research analysts Lock Mun Yee, Lim Siew Khee, as well as the Singapore research team are advocating investors stay defensive in the near-term.“We expect the market to remain volatile with increased external risks,” the analysts write in their strategy note dated May 26.With this, the a...

Global issues like the Russsia-Ukrainian War and supply chain disruptions continue to affect markets around the world. RHB Group Investment Bank CEO Ganesh Sabaratnam observes that central banks today are treading a fine line between attempting to cap inflation without impacting economic growth — ...

THE following companies saw new developments that may affect trading of their securities on Thursday (May 19):

CHOCOLATE confectionary company Delfi posted an earnings before interest, taxes, depreciation and amortisation (Ebita) of US$20.5 million in Q1, up 13.9 per cent from the corresponding period last year.

It has leveraged the strong brand name of customers, and maintained its good long-term relationship with suppliers, while modifying product designs to switch reliance to parts that are more readily available.Furthermore, Cheong thinks that the easing of border restrictions globally should help ease ...

For FY2021 ended December 2021, Delfi improved its cash position from US$65.5 million to US$86.2 million while paring down its debt by US$39.3 million, reflecting good potential for future expansion plans.“We think Delfi’s liquidity will remain ample even if it decides to undertake expansionary ...

Based in Indonesia, Delfi’s key brand in its product portfolio is SilverQueen but its Van Houten brand is better known. However, both brands have undergone a refresh to be more health-conscious.For example, Van Houten’s Dark Milk series, which features a higher 43% cocoa content, was launched in...

BERLIN : Mercedes-Benz opened a new 200 million euro ($217 million) software centre in Sindelfingen on Friday, its latest investment in boosting in-house software capabilities as it works to bring its own MB.OS operating system onto the market by 2024.Around 750 of the 3,000 new hires the luxury...

Based in Indonesia, Delfi’s key brand in its product portfolio is SilverQueen but its Van Houten brand is better known. However, both brands have undergone a refresh to be more health-conscious.For example, Van Houten’s Dark Milk series, which features a higher 43% cocoa content, was launched in...

In their March 8 report, CGS-CIMB Research analysts Lock Mun Yee and Lim Siew Khee say they advocate a risk-off approach in the near term by positioning in REITs for their yield and stability. At the same time, the analysts recommend that investors should watch for a tactical entry into banks for th...