Delfi

Delfi’s 2HFY2023 earnings declined 14.1% y-o-y to US$21.1 mil, proposes special dividend - THE EDGE SINGAPORE

Results

Delfi’s 2HFY2023 earnings decline 14.1% y-o-y to US$21.1 mil, proposes special dividend

Together with the interim dividend of 2.06 US cents, the total dividend for FY2023 is 4.32 US cents per share.

Broker's Calls

RHB maintains 'overweight' on F&B sector, names ThaiBev, Delfi and Food Empire as top picks

Analyst Alfie Yeo sees consumption accelerating in 2024, with GDP growth and tourist recovery in Thailand, Vietnam and Indonesia.

Broker's Calls

Delfi may see 2024 Indonesia election consumption boost but analysts trim target prices on higher ingredient costs

'Handouts by political parties, which usually kick off campaigns, may boost chocolate sales'

Broker's Calls

DBS sweet on Delfi; maintains ‘buy’ call and raises TP to $1.63

DBS analysts' higher TP of $1.63, up from $1.52 previously, comes as confectionery consumption in Indonesia looks to remain high.

Results

Delfi reports earnings of US$25.2 million for 1HFY2023, guides for better FY2023 over FY2022

Delfi plans to pay an interim dividend of 2.73 cents, up from 2.18 cents.
UOB Kay Hian maintains "buy" call on FTSE ST All-share leading performer Delfi  - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian maintains "buy" call on FTSE ST All-share leading performer Delfi

Year to date, Delfi has gained 65.38% as of June 30
Citing growth momentum, CGS-CIMB raises target price on Delfi to $1.65 from $1.50  - THE EDGE SINGAPORE

Broker's Calls

Citing growth momentum, CGS-CIMB raises target price on Delfi to $1.65 from $1.50

Indonesia's per capita consumption of chocolate remains lower than other markets
Fund managers trim respective stakes in Yangzijiang Shipbuilding and Delfi - THE EDGE SINGAPORE

Insider moves

Fund managers trim respective stakes in Yangzijiang Shipbuilding and Delfi

Fund managers T Rowe Price and First Pacific Advisors trim respective stakes in Yangzijiang Shipbuilding and Delfi.

Broker's Calls

CGS-CIMB ups Delfi's earnings estimates following record 9MFY2022 patmi

CGS-CIMB's analysts have, however, lowered their target price to $1.26 from $1.28 previously due to a lower P/E multiple of 15x.

Results

Delfi reports 539% y-o-y surge in patmi for 3QFY2022

Delfi says it has surpassed the performance of pre-Covid-19 periods, where patmi was US$5.9 million in 3QFY2019.
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