RHB is the only broker covering this stock.
SINGAPORE (May 27): RHB Research is reiterating its strong “buy” call on Delfi with a target price of $1.68, which implies 28 times FY19F P/E and implies 24% upside and 2.5% dividend yield.
This comes after the confectionery manufacturer posted 21.6% y-o-y higher 1Q earnings of $12.6 million on the back of revenue growth and an improved gross margin, post initiatives to cull less-profitable stock keeping units (SKUs) as well as due to higher sales of premium products.
