In a Wednesday report, CIMB analyst Jonathan Seow opines that the stock is fully-valued, and that current valuations are not compelling enough for an upgrade to “buy”.
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).
(See also: Delfi’s 4Q16 earnings surge more than fourfold on record margins)
