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msksmsks Supreme	15-Jun-2023 12:04        msksmsks About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro, it' s dtd Jun 15... look at the top right hand side. My broker also fwded this to me too.  But i' m not as  proficient as Bro Ozone who had done a good job  by extracting and pasting here. Elf2000      ( Date: 15-Jun-2023 11:56) Posted: May I know when is this analyst report dated? I can't find it. ozone2002      ( Date: 15-Jun-2023 11:31) Posted: Technicals oversold and looking gd for an entry again must see what CIMB plans to do with the stoc
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pcxiao2008 Master	15-Jun-2023 11:57        pcxiao2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	think later or by next week can chiong back to the previous 1.4 range
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Elf2000 Elite	15-Jun-2023 11:56        Elf2000 About Contact  Quote this Post!
x 0   x 0  Alert Admin	May I know when is this analyst report dated? I can't find it. ozone2002      ( Date: 15-Jun-2023 11:31) Posted: Technicals oversold and looking gd for an entry again must see what CIMB plans to do with the stock Elf2000      ( Date: 15-Jun-2023 11:27) Posted: You must be bought back and waiting to sell again🤪
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ozone2002 Supreme	15-Jun-2023 11:31        ozone2002 About Contact  Quote this Post! Style: Technical
x 0   x 0  Alert Admin	Technicals oversold and looking gd for an entry again must see what CIMB plans to do with the stock Elf2000      ( Date: 15-Jun-2023 11:27) Posted: You must be bought back and waiting to sell again🤪 ozone2002      ( Date: 15-Jun-2023 09:57) Posted: analyst report for your reference      15 June 2023 Singapore Company Note Delfi Ltd        |   PDF 1H23F a litmus test for sustainable growth DELFI SP  /  DELF.SI  |  ADD - Maintained  |  SGD1.26tp:SGD1.650  Mkt.Cap:US$574.60m  | Avg.Daily Vol:US$0.89m  | Free Float:47.40%  Food & Beverages  Author(s):  TAY Wee Kuang  (65) 62108604,  Izabella TAN ■       We think Delfi will benefit from the strong retail sales index for Indonesia&rsquo s food, beverage and tobacco industry, which has risen yoy for 26 months.   ■       While average price of its key raw materials have risen 4.5-10.7% YTD, we think Delfi&rsquo s premiumisation efforts will support its GP margins.  ■       Findings from our channel checks suggest that Indonesia&rsquo s snacking category is likely to see revenue growth in 2023F, driven by volume.   Demand supported by a strong retail sales index Indonesia&rsquo s retail sales index for the foods, beverages and tobaccos industry rose 3.2% yoy in May 2023 to 329.7 pts (Fig 1), its 26th consecutive month of yoy growth   (since Apr 2021).The positive industry trend was also reflected in Delfi&rsquo s return to revenue growth in 2Q21 (Fig 2). Our economics team, which recently raised our 2023F private consumption growth forecast for Indonesia from 4.3% to 7.2%, expects that to anchor the 4.8% real GDP growth we estimate (unchanged) for the nation for the year. We think the healthier economy will continue to drive revenue growth for Delfi, especially given its strong brand presence in Indonesia, with a diversified portfolio across various price points and trade channels.   Prices of key raw material prices have been on the rise&hellip The average price for Delfi&rsquo s key ingredients cocoa and sugar, which we estimate account for c.40-45% of its cost of sales combined, have risen 10.7% and 4.5% YTD (Figs 3 and 4), with sugar futures reaching an 11-year high of 26.99 US cts/lb at end-Apr. Although, sugar prices have since tapered to c.25 US cts/lb, the likelihood of El-Nino effect in Asia could reduce sugar and cocoa harvests in 2H23F. India&rsquo s recently-announced cap on sugar exports is also likely to keep global sugar prices near record high, in our view.   &hellip but premiumisation and hedging efforts to offset cost pressures Apart from a forward hedge of up to 18 months that Delfi maintains across various key ingredients such as cocoa and sugar, we think its premiumisation efforts have also improved its sales mix as observed in its resilient GP margins since FY19 (Fig 5). Furthermore, Delfi&rsquo s shift towards healthier product offerings with higher cocoa content and substitute ingredients like nuts and berries should reduce its reliance on sugar, in our view.   Reiterate Add with unchanged TP of S$1.65 Delfi&rsquo s share price has declined c.15% since its 1Q23 trading update on 16 May, despite a strong beat to our and Bloomberg consensus revenue forecasts, likely due to the lack of visibility on its cost management ahead. It re-rated from 7x to 12x forward P/E over the last 6 months, but still trades at 0.5x s.d. below its 5-year mean of 14.4x. Our TP remains pegged at 15x FY24F PE, which we think is justified as we expect FY23F/FY24F EPS growth of 8.4%/5.0% driven by robust domestic consumption, and modest yields above 4.0-4.5%. Key re-rating catalysts: clarity on its cost pressures and stronger-than-expected revenue growth. Downside risks: cost escalation from rising raw material prices, and consumer down-trading from its premium products to its value products as a result of an economic downturn in Indonesia.
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Elf2000 Elite	15-Jun-2023 11:27        Elf2000 About Contact  Quote this Post!
x 0   x 0  Alert Admin	You must be bought back and waiting to sell again🤪 ozone2002      ( Date: 15-Jun-2023 09:57) Posted: analyst report for your reference      15 June 2023 Singapore Company Note Delfi Ltd        |   PDF 1H23F a litmus test for sustainable growth DELFI SP  /  DELF.SI  |  ADD - Maintained  |  SGD1.26tp:SGD1.650  Mkt.Cap:US$574.60m  | Avg.Daily Vol:US$0.89m  | Free Float:47.40%  Food & Beverages  Author(s):  TAY Wee Kuang  (65) 62108604,  Izabella TAN ■       We think Delfi will benefit from the strong retail sales index for Indonesia&rsquo s food, beverage and tobacco industry, which has risen yoy for 26 months.   ■       While average price of its key raw materials have risen 4.5-10.7% YTD, we think Delfi&rsquo s premiumisation efforts will support its GP margins.  ■       Findings from our channel checks suggest that Indonesia&rsquo s snacking category is likely to see revenue growth in 2023F, driven by volume.   Demand supported by a strong retail sales index Indonesia&rsquo s retail sales index for the foods, beverages and tobaccos industry rose 3.2% yoy in May 2023 to 329.7 pts (Fig 1), its 26th consecutive month of yoy growth   (since Apr 2021).The positive industry trend was also reflected in Delfi&rsquo s return to revenue growth in 2Q21 (Fig 2). Our economics team, which recently raised our 2023F private consumption growth forecast for Indonesia from 4.3% to 7.2%, expects that to anchor the 4.8% real GDP growth we estimate (unchanged) for the nation for the year. We think the healthier economy will continue to drive revenue growth for Delfi, especially given its strong brand presence in Indonesia, with a diversified portfolio across various price points and trade channels.   Prices of key raw material prices have been on the rise&hellip The average price for Delfi&rsquo s key ingredients cocoa and sugar, which we estimate account for c.40-45% of its cost of sales combined, have risen 10.7% and 4.5% YTD (Figs 3 and 4), with sugar futures reaching an 11-year high of 26.99 US cts/lb at end-Apr. Although, sugar prices have since tapered to c.25 US cts/lb, the likelihood of El-Nino effect in Asia could reduce sugar and cocoa harvests in 2H23F. India&rsquo s recently-announced cap on sugar exports is also likely to keep global sugar prices near record high, in our view.   &hellip but premiumisation and hedging efforts to offset cost pressures Apart from a forward hedge of up to 18 months that Delfi maintains across various key ingredients such as cocoa and sugar, we think its premiumisation efforts have also improved its sales mix as observed in its resilient GP margins since FY19 (Fig 5). Furthermore, Delfi&rsquo s shift towards healthier product offerings with higher cocoa content and substitute ingredients like nuts and berries should reduce its reliance on sugar, in our view.   Reiterate Add with unchanged TP of S$1.65 Delfi&rsquo s share price has declined c.15% since its 1Q23 trading update on 16 May, despite a strong beat to our and Bloomberg consensus revenue forecasts, likely due to the lack of visibility on its cost management ahead. It re-rated from 7x to 12x forward P/E over the last 6 months, but still trades at 0.5x s.d. below its 5-year mean of 14.4x. Our TP remains pegged at 15x FY24F PE, which we think is justified as we expect FY23F/FY24F EPS growth of 8.4%/5.0% driven by robust domestic consumption, and modest yields above 4.0-4.5%. Key re-rating catalysts: clarity on its cost pressures and stronger-than-expected revenue growth. Downside risks: cost escalation from rising raw material prices, and consumer down-trading from its premium products to its value products as a result of an economic downturn in Indonesia.
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Elf2000 Elite	15-Jun-2023 11:23        Elf2000 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So now share price is going up or down😏 ozone2002      ( Date: 15-Jun-2023 09:57) Posted: analyst report for your reference      15 June 2023 Singapore Company Note Delfi Ltd        |   PDF 1H23F a litmus test for sustainable growth DELFI SP  /  DELF.SI  |  ADD - Maintained  |  SGD1.26tp:SGD1.650  Mkt.Cap:US$574.60m  | Avg.Daily Vol:US$0.89m  | Free Float:47.40%  Food & Beverages  Author(s):  TAY Wee Kuang  (65) 62108604,  Izabella TAN ■       We think Delfi will benefit from the strong retail sales index for Indonesia&rsquo s food, beverage and tobacco industry, which has risen yoy for 26 months.   ■       While average price of its key raw materials have risen 4.5-10.7% YTD, we think Delfi&rsquo s premiumisation efforts will support its GP margins.  ■       Findings from our channel checks suggest that Indonesia&rsquo s snacking category is likely to see revenue growth in 2023F, driven by volume.   Demand supported by a strong retail sales index Indonesia&rsquo s retail sales index for the foods, beverages and tobaccos industry rose 3.2% yoy in May 2023 to 329.7 pts (Fig 1), its 26th consecutive month of yoy growth   (since Apr 2021).The positive industry trend was also reflected in Delfi&rsquo s return to revenue growth in 2Q21 (Fig 2). Our economics team, which recently raised our 2023F private consumption growth forecast for Indonesia from 4.3% to 7.2%, expects that to anchor the 4.8% real GDP growth we estimate (unchanged) for the nation for the year. We think the healthier economy will continue to drive revenue growth for Delfi, especially given its strong brand presence in Indonesia, with a diversified portfolio across various price points and trade channels.   Prices of key raw material prices have been on the rise&hellip The average price for Delfi&rsquo s key ingredients cocoa and sugar, which we estimate account for c.40-45% of its cost of sales combined, have risen 10.7% and 4.5% YTD (Figs 3 and 4), with sugar futures reaching an 11-year high of 26.99 US cts/lb at end-Apr. Although, sugar prices have since tapered to c.25 US cts/lb, the likelihood of El-Nino effect in Asia could reduce sugar and cocoa harvests in 2H23F. India&rsquo s recently-announced cap on sugar exports is also likely to keep global sugar prices near record high, in our view.   &hellip but premiumisation and hedging efforts to offset cost pressures Apart from a forward hedge of up to 18 months that Delfi maintains across various key ingredients such as cocoa and sugar, we think its premiumisation efforts have also improved its sales mix as observed in its resilient GP margins since FY19 (Fig 5). Furthermore, Delfi&rsquo s shift towards healthier product offerings with higher cocoa content and substitute ingredients like nuts and berries should reduce its reliance on sugar, in our view.   Reiterate Add with unchanged TP of S$1.65 Delfi&rsquo s share price has declined c.15% since its 1Q23 trading update on 16 May, despite a strong beat to our and Bloomberg consensus revenue forecasts, likely due to the lack of visibility on its cost management ahead. It re-rated from 7x to 12x forward P/E over the last 6 months, but still trades at 0.5x s.d. below its 5-year mean of 14.4x. Our TP remains pegged at 15x FY24F PE, which we think is justified as we expect FY23F/FY24F EPS growth of 8.4%/5.0% driven by robust domestic consumption, and modest yields above 4.0-4.5%. Key re-rating catalysts: clarity on its cost pressures and stronger-than-expected revenue growth. Downside risks: cost escalation from rising raw material prices, and consumer down-trading from its premium products to its value products as a result of an economic downturn in Indonesia.
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msksmsks Supreme	15-Jun-2023 10:11        msksmsks About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tks for sharing. Tell tale signs that Delfi maybe striking bk soon PS: need to learn fm you how to cut and paste nicely the analyst rpt. ozone2002      ( Date: 15-Jun-2023 09:57) Posted: analyst report for your reference      15 June 2023 Singapore Company Note Delfi Ltd        |   PDF 1H23F a litmus test for sustainable growth DELFI SP  /  DELF.SI  |  ADD - Maintained  |  SGD1.26tp:SGD1.650  Mkt.Cap:US$574.60m  | Avg.Daily Vol:US$0.89m  | Free Float:47.40%  Food & Beverages  Author(s):  TAY Wee Kuang  (65) 62108604,  Izabella TAN ■       We think Delfi will benefit from the strong retail sales index for Indonesia&rsquo s food, beverage and tobacco industry, which has risen yoy for 26 months.   ■       While average price of its key raw materials have risen 4.5-10.7% YTD, we think Delfi&rsquo s premiumisation efforts will support its GP margins.  ■       Findings from our channel checks suggest that Indonesia&rsquo s snacking category is likely to see revenue growth in 2023F, driven by volume.   Demand supported by a strong retail sales index Indonesia&rsquo s retail sales index for the foods, beverages and tobaccos industry rose 3.2% yoy in May 2023 to 329.7 pts (Fig 1), its 26th consecutive month of yoy growth   (since Apr 2021).The positive industry trend was also reflected in Delfi&rsquo s return to revenue growth in 2Q21 (Fig 2). Our economics team, which recently raised our 2023F private consumption growth forecast for Indonesia from 4.3% to 7.2%, expects that to anchor the 4.8% real GDP growth we estimate (unchanged) for the nation for the year. We think the healthier economy will continue to drive revenue growth for Delfi, especially given its strong brand presence in Indonesia, with a diversified portfolio across various price points and trade channels.   Prices of key raw material prices have been on the rise&hellip The average price for Delfi&rsquo s key ingredients cocoa and sugar, which we estimate account for c.40-45% of its cost of sales combined, have risen 10.7% and 4.5% YTD (Figs 3 and 4), with sugar futures reaching an 11-year high of 26.99 US cts/lb at end-Apr. Although, sugar prices have since tapered to c.25 US cts/lb, the likelihood of El-Nino effect in Asia could reduce sugar and cocoa harvests in 2H23F. India&rsquo s recently-announced cap on sugar exports is also likely to keep global sugar prices near record high, in our view.   &hellip but premiumisation and hedging efforts to offset cost pressures Apart from a forward hedge of up to 18 months that Delfi maintains across various key ingredients such as cocoa and sugar, we think its premiumisation efforts have also improved its sales mix as observed in its resilient GP margins since FY19 (Fig 5). Furthermore, Delfi&rsquo s shift towards healthier product offerings with higher cocoa content and substitute ingredients like nuts and berries should reduce its reliance on sugar, in our view.   Reiterate Add with unchanged TP of S$1.65 Delfi&rsquo s share price has declined c.15% since its 1Q23 trading update on 16 May, despite a strong beat to our and Bloomberg consensus revenue forecasts, likely due to the lack of visibility on its cost management ahead. It re-rated from 7x to 12x forward P/E over the last 6 months, but still trades at 0.5x s.d. below its 5-year mean of 14.4x. Our TP remains pegged at 15x FY24F PE, which we think is justified as we expect FY23F/FY24F EPS growth of 8.4%/5.0% driven by robust domestic consumption, and modest yields above 4.0-4.5%. Key re-rating catalysts: clarity on its cost pressures and stronger-than-expected revenue growth. Downside risks: cost escalation from rising raw material prices, and consumer down-trading from its premium products to its value products as a result of an economic downturn in Indonesia.
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ozone2002 Supreme	15-Jun-2023 09:57        ozone2002 About Contact  Quote this Post! Style: Technical
x 0   x 0  Alert Admin	analyst report for your reference      15 June 2023 Singapore Company Note Delfi Ltd        |   PDF 1H23F a litmus test for sustainable growth DELFI SP  /  DELF.SI  |  ADD - Maintained  |  SGD1.26tp:SGD1.650  Mkt.Cap:US$574.60m  | Avg.Daily Vol:US$0.89m  | Free Float:47.40%  Food & Beverages  Author(s):  TAY Wee Kuang  (65) 62108604,  Izabella TAN ■       We think Delfi will benefit from the strong retail sales index for Indonesia&rsquo s food, beverage and tobacco industry, which has risen yoy for 26 months.   ■       While average price of its key raw materials have risen 4.5-10.7% YTD, we think Delfi&rsquo s premiumisation efforts will support its GP margins.  ■       Findings from our channel checks suggest that Indonesia&rsquo s snacking category is likely to see revenue growth in 2023F, driven by volume.   Demand supported by a strong retail sales index Indonesia&rsquo s retail sales index for the foods, beverages and tobaccos industry rose 3.2% yoy in May 2023 to 329.7 pts (Fig 1), its 26th consecutive month of yoy growth   (since Apr 2021).The positive industry trend was also reflected in Delfi&rsquo s return to revenue growth in 2Q21 (Fig 2). Our economics team, which recently raised our 2023F private consumption growth forecast for Indonesia from 4.3% to 7.2%, expects that to anchor the 4.8% real GDP growth we estimate (unchanged) for the nation for the year. We think the healthier economy will continue to drive revenue growth for Delfi, especially given its strong brand presence in Indonesia, with a diversified portfolio across various price points and trade channels.   Prices of key raw material prices have been on the rise&hellip The average price for Delfi&rsquo s key ingredients cocoa and sugar, which we estimate account for c.40-45% of its cost of sales combined, have risen 10.7% and 4.5% YTD (Figs 3 and 4), with sugar futures reaching an 11-year high of 26.99 US cts/lb at end-Apr. Although, sugar prices have since tapered to c.25 US cts/lb, the likelihood of El-Nino effect in Asia could reduce sugar and cocoa harvests in 2H23F. India&rsquo s recently-announced cap on sugar exports is also likely to keep global sugar prices near record high, in our view.   &hellip but premiumisation and hedging efforts to offset cost pressures Apart from a forward hedge of up to 18 months that Delfi maintains across various key ingredients such as cocoa and sugar, we think its premiumisation efforts have also improved its sales mix as observed in its resilient GP margins since FY19 (Fig 5). Furthermore, Delfi&rsquo s shift towards healthier product offerings with higher cocoa content and substitute ingredients like nuts and berries should reduce its reliance on sugar, in our view.   Reiterate Add with unchanged TP of S$1.65 Delfi&rsquo s share price has declined c.15% since its 1Q23 trading update on 16 May, despite a strong beat to our and Bloomberg consensus revenue forecasts, likely due to the lack of visibility on its cost management ahead. It re-rated from 7x to 12x forward P/E over the last 6 months, but still trades at 0.5x s.d. below its 5-year mean of 14.4x. Our TP remains pegged at 15x FY24F PE, which we think is justified as we expect FY23F/FY24F EPS growth of 8.4%/5.0% driven by robust domestic consumption, and modest yields above 4.0-4.5%. Key re-rating catalysts: clarity on its cost pressures and stronger-than-expected revenue growth. Downside risks: cost escalation from rising raw material prices, and consumer down-trading from its premium products to its value products as a result of an economic downturn in Indonesia.
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msksmsks Supreme	14-Jun-2023 16:16        msksmsks About Contact  Quote this Post!
x 0   x 0  Alert Admin	May hv some short covering later Lets see
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msksmsks Supreme	14-Jun-2023 15:40        msksmsks About Contact  Quote this Post!
x 0   x 0  Alert Admin	Signs of resilience Hope can see more upside ahead
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msksmsks Supreme	14-Jun-2023 10:31        msksmsks About Contact  Quote this Post!
x 0   x 0  Alert Admin	Resumed it' s uptrend after weak holders were flushed out. Tech sector had a good rally..... It' s time for laggards which is fundamentally strong to do catch up
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Elf2000 Elite	14-Jun-2023 10:13        Elf2000 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nice bounce back... so what next?
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eddyeddy Master	13-Jun-2023 17:48        eddyeddy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Contra players should clear their positions by today .
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msksmsks Supreme	13-Jun-2023 13:38        msksmsks About Contact  Quote this Post!
x 0   x 0  Alert Admin	U may hv a valid point. Till the dumping or selling subsides, price may not move up much . Collect on weakness.....the lower the merrier as result announcement is in Aug ozone2002      ( Date: 13-Jun-2023 13:16) Posted: If fundamentals didn' t change, the recent price correction could be a stop loss hunt ie Big boys dump price to collect more shares at cheap price   msksmsks      ( Date: 13-Jun-2023 08:48) Posted: At that time when price was abv $1.4 and indicators are toppish. So it' s a good call to sell ..' But now price had retraced to a level which i' m opined to  accumulate on weakness...
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ozone2002 Supreme	13-Jun-2023 13:16        ozone2002 About Contact  Quote this Post! Style: Technical
x 0   x 0  Alert Admin	If fundamentals didn' t change, the recent price correction could be a stop loss hunt ie Big boys dump price to collect more shares at cheap price   msksmsks      ( Date: 13-Jun-2023 08:48) Posted: At that time when price was abv $1.4 and indicators are toppish. So it' s a good call to sell ..' But now price had retraced to a level which i' m opined to  accumulate on weakness.... ozone2002      ( Date: 12-Jun-2023 22:52) Posted: 1.24        -0.06 Hope the lucky ones took profit cheers
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jlong0005 Senior	13-Jun-2023 13:15        jlong0005 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Investors not sure but traders yes. eddyeddy      ( Date: 13-Jun-2023 13:12) Posted: Do investors buy or sell base on technical reasons ?
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eddyeddy Master	13-Jun-2023 13:12        eddyeddy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Do investors buy or sell base on technical reasons ?
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msksmsks Supreme	13-Jun-2023 11:48        msksmsks About Contact  Quote this Post!
x 0   x 0  Alert Admin	My observations suggest that it' s not entirey forced selling. ( I culd be wrong ) But rather broke some technical support which lead to selling. It started yesterday with support 1.26 being breached and subsequently excerbated by selling fm weak holders (be in contra or pickedup)... The whole scenario was replicated this mrng too... Till some stronger players emerge.....   jlong0005      ( Date: 13-Jun-2023 11:22) Posted: Still have buyers not picking up. Will only be stable if price up to 1.28. eddyeddy      ( Date: 13-Jun-2023 11:10) Posted: You have news from your broking house ? Many rushed in to buy when price Uturn up last week .
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pcxiao2008 Master	13-Jun-2023 11:23        pcxiao2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	stay calm and steady....patience wins the game....
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jlong0005 Senior	13-Jun-2023 11:22        jlong0005 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Still have buyers not picking up. Will only be stable if price up to 1.28. eddyeddy      ( Date: 13-Jun-2023 11:10) Posted: You have news from your broking house ? Many rushed in to buy when price Uturn up last week . jlong0005      ( Date: 13-Jun-2023 11:05) Posted: U are right, force selling by local brokers. Don' t understand why play contra with this stock? Low volume and price swing very great.
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