As a recap, Delfi’s earnings of US$34 million for FY2024 formed 91% of the analysts’ full year forecast. The earnings miss was due to higher-than-expected promotion spending and a weaker rupiah against the US dollar.
UOB Kay Hian (UOBKH) analysts have lowered their target price for confectionary manufacturer Delfi Limited (SGX:P34
) following its FY2024 ended Dec 31, 2024 earnings of US$34 million which missed expectations.
Analysts Heidi Mo and John Cheong have kept their “hold” call on the company with a new target price of 82 cents, down from the 86 cents previously.
