Rising optimism in the market may buoy the consumer sector in the coming quarters, though rising unemployment and overall economic toll from Covid-19 still remain causes for concern, say RHB in an August 28 note. RHB analyst Juliana Cai is maintaining “neutral” on the consumer cyclical and non-c...

Hit by Covid-19, chocolate confectionery company Delfi is facing an uncertain outlook, says RHB, as the company recorded 1H2020 PATMI of US$10.8 million ($14.8 million), down 30% y-o-y. RHB analyst Juliana Cai is maintaining “neutral” on the company with a raised target price of 80 cents from 74...

SINGAPORE (July 15): RHB analyst Juliana Cai has downgraded chocolate confectionery company Delfi to “neutral” from “buy” with an unchanged target price of 74 cents. The downgrade comes as its core markets Indonesia and the Philippines face a resurgence of Covid-19 cases. Both countries, whi...

SINGAPORE (June 5): KGI Securities is initiating an "outperform" recommendation on Delfi Limited with a target price of 93 cents. In a Friday report, analyst Amirah Yusoff says, “We believe that Covid-19 disruptions are merely speedbumps on the road to strong sustained growth, as Delfi continues...

SINGAPORE (Jan 6): Retail sales in Singapore saw an overall drop in 2019, but the F&B and online components of retail sales saw some growth. The online proportion of retail sales now stands at 6% compared to 4% at the beginning of 2018, while F&B sales growth was driven by restaurants, fast...

SINGAPORE (Dec 16): This year, a total of 19 listed companies are undergoing privatisation, and being merged or acquired – more than the eight last year and the 14 in 2017. As it is, close to $20 billion worth of mergers and acquisition (M&A) deals involving the four major developers in Sin...

SINGAPORE (Dec 11): RHB Research is maintaining its “neutral” call on the Singapore consumer sector, as decelerating economic growth and  macro-economic uncertainties threaten to tame consumer confidence and limit upside potential in the upcoming year.  Citing the Singapore government’s for...

SINGAPORE (Nov 18): Analysts believe chocolate confectionery company Delfi is a sweet buy following its positive 3Q19 results. The group recorded a 47.5% increase in its 3Q19 earnings to US$5.9 million, compared to US$4.0 million in 3Q18, with revenue increasing by 9.2% y-o-y to US$112.2 million. ...

SINGAPORE (Oct 31): DBS Group Research is reinstating its coverage on Delfi Limited with a target price of $1.49, which implies an upside potential of 49%. Despite Delfi’s share price being lacklustre due to its downbeat earnings since 2015 on its product rationalisation strategy, analyst Alfie Y...

SINGAPORE (Oct 31): DBS Group Research is reinstating its coverage on Delfi Limited with a target price of $1.49, which implies an upside potential of 49%. Despite Delfi’s share price being lacklustre due to its downbeat earnings since 2015 on its product rationalisation strategy, analyst Alfie Y...