Delfi Faces Earnings Hit From Higher Commodity Prices -- Market Talk

Dow Jones03-06

0212 GMT - Delfi faces earnings hit from higher commodity prices, UOB Kay Hian analysts say in a research note as they lower the stock's rating to hold from buy and cut the target to S$1.07 from S$1.76. Prices of cocoa, key ingredient for the chocolate confectionery products manufacturer, have surged to around US$6,769/ton due to a bigger-than-expected supply deficit resulting from higher cocoa demand and onset of the El Nino, the analysts say. The elevated cocoa prices could persist in 2024-2025 amid supply fears, says the brokerage, which cuts its 2024 and 2025 earnings estimates for Delfi by 9% and 12%, respectively. The stock is 0.5% higher at S$0.935. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 05, 2024 21:12 ET (02:12 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2417540247?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-06 10:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2417540247","market":"hk","top_or_hot":-1,"title":"Delfi Faces Earnings Hit From Higher Commodity Prices -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0212 GMT - Delfi faces earnings hit from higher commodity prices, UOB Kay Hian analysts say in a research note as they lower the stock's rating to hold from buy and cut the target to S$1.07 from S$1.76. Prices of cocoa, key ingredient for the chocolate confectionery products manufacturer, have surged to around US$6,769/ton due to a bigger-than-expected supply deficit resulting from higher cocoa demand and onset of the El Nino, the analysts say. The elevated cocoa prices could persist in 2024-2025 amid supply fears, says the brokerage, which cuts its 2024 and 2025 earnings estimates for Delfi by 9% and 12%, respectively. The stock is 0.5% higher at S$0.935. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 05, 2024 21:12 ET (02:12 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Delfi Faces Earnings Hit From Higher Commodity Prices -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDelfi Faces Earnings Hit From Higher Commodity Prices -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-06 10:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0212 GMT - Delfi faces earnings hit from higher commodity prices, UOB Kay Hian analysts say in a research note as they lower the stock's rating to hold from buy and cut the target to S$1.07 from S$...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"P34.SI","symbol_name":"DELFI LIMITED","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2417540247","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2417540247","pubTimestamp":1709691120,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0212 GMT - Delfi faces earnings hit from higher commodity prices, UOB Kay Hian analysts say in a research note as they lower the stock's rating to hold from buy and cut the target to S$1.07 from S$1.76. Prices of cocoa, key ingredient for the chocolate confectionery products manufacturer, have surged to around US$6,769/ton due to a bigger-than-expected supply deficit resulting from higher cocoa demand and onset of the El Nino, the analysts say. The elevated cocoa prices could persist in 2024-2025 amid supply fears, says the brokerage, which cuts its 2024 and 2025 earnings estimates for Delfi by 9% and 12%, respectively. The stock is 0.5% higher at S$0.935. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"P34.SI":"DELFI LIMITED"},"translate_title":"Delfi面临商品价格上涨的收益冲击——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"P34.SI":1},"content_text":"0212 GMT - Delfi faces earnings hit from higher commodity prices, UOB Kay Hian analysts say in a research note as they lower the stock's rating to hold from buy and cut the target to S$1.07 from S$1.76. Prices of cocoa, key ingredient for the chocolate confectionery products manufacturer, have surged to around US$6,769/ton due to a bigger-than-expected supply deficit resulting from higher cocoa demand and onset of the El Nino, the analysts say. The elevated cocoa prices could persist in 2024-2025 amid supply fears, says the brokerage, which cuts its 2024 and 2025 earnings estimates for Delfi by 9% and 12%, respectively. The stock is 0.5% higher at S$0.935. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 05, 2024 21:12 ET (02:12 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2417540247"}