gross margins

SINGAPORE (Feb 23): CIMB Research is leaving its “hold” rating on Delfi unchanged with a slightly lower target price of $2.30 from $2.31 previously despite a recent fourfold surge in 4Q16 earnings to US$3.7 million ($5.2 million).

SINGAPORE (Nov 28): DBS Vickers Securities is maintaining its “buy” call on Jumbo Group at a target price of 77 cents, with a more bullish sentiment in anticipation of higher growth traction for the group’s outlet expansions, especially in China.