Delfi

SINGAPORE (March 21): OCBC advises Delfi shareholders to put on “hold” their investment decisions as lower cocoa prices could translate into better ingredients prices for the manufacturer of chocolate confectionery.

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SINGAPORE (March 16): Delfi Limited, the cocoa manufacturer and supplier formerly known as Petra Foods, says its Indonesia subsidiary PT Perusahaan Industri Ceres will be disposing its entire 50% stake in PT Ceres Meiji Indotama (CMI) to Meiji and Meiji S

SINGAPORE (Feb 24): RHB is downgrading Delfi to “hold” with a target price of $2.55 as it does not see any strong catalyst for the stock to outperform in the short run stock given it is currently trading at 32 times FY17 forecast earnings.

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).

SINGAPORE (Feb 23): Delfi, the distributor of chocolate confectionery products, reported 4Q16 earnings surged more than fourfold to US$3.7 million ($5.2 million) from a year ago, lifted by a record profit margins of 38.4%.

SINGAPORE (Dec 6): CIMB is “overweight” on Singapore’s consumer sector while opting for a stock selection strategy based on earnings growth.

SINGAPORE (Nov 29): The Singapore Court of Appeal on Tuesday upheld the High Court ruling in favour of chocolate confectionery company Delfi in its tussle with Nestlé.

SINGAPORE (Nov 11): OCBC is maintaining its “hold” call on Delfi, the company which markets and distributes its own brand of chocolate confectionery products, with a fair value of $2.39, noting that revenue and earnings have improved, with the company

SINGAPORE (Nov 10): Delfi, the company which markets and distributes its own brand of chocolate confectionery products, reversed into profitability with earnings of US$5.9 million for 3QFY16, compared with net losses of $20.7 million in 3QFY15.