Delfi could face near-term growth headwinds, given its 3Q revenue fell mainly on a 10% drop in Indonesia sales, say DBS Group Research analysts. The chocolate confectionery manufacturer's main market is Indonesia. However, Indonesia's consumer environment remains challenging, with customers likely switching to mainstream chocolate products from premium chocolate products, they say. Delfi's nine-month results showed challenges maintaining its current margins without losing significant market share, they add. DBS has a hold rating on the stock and target price of S$0.80. Shares are at S$0.83.(amanda.lee@wsj.com)
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