0556 GMT - Delfi's earnings outlook appears challenging amid continued margin pressures, UOB Kay Hian analysts say in a research report. Given impact from high cocoa prices, the chocolate confectionary product maker's gross and Ebitda margins fell on-quarter and on-year in 3Q, the analysts note. Also, Indonesia's middle-class population is shrinking, suggesting falling wealth, and will probably have adverse effects on consumer demand for premium products such as those made by Delfi. The brokerage maintains the stock's hold rating, but raises its target price to S$0.86 from S$0.83 to reflect its rollover of the valuation base year. Shares are 0.6% lower at S$0.81. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
November 27, 2024 00:56 ET (05:56 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。