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Any exciting news on it ?
Acewind ( Date: 25-Jan-2021 09:43) Posted:
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Looks like it is making a comeback.
look good today although not much volume...
ya... starting to rocket... chocolate BULL!!
iinvestor ( Date: 23-Nov-2020 14:38) Posted:
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Good chocolate
I like
I like
iinvestor ( Date: 23-Nov-2020 14:38) Posted:
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one of the cheapest emerging market consumer plays............look at the small sell queues..
starting to rocket....... funds are loading up...
starting to rocket....... funds are loading up...
any possible of V-shape recovery after vaccine is out?
look good.. still giving good dividend although lesser pofit instead of losses during Covid19
look good.. still giving good dividend although lesser pofit instead of losses during Covid19
Ayone vested? this two days been up..
A lot of crossed trades at 77-78c, on average about 1-2m a day. Perhaps Fidelity is still in the midst of clearing their position? Last disclosed, they were down to 3.8% and since they are no longer a substantial shareholder of > 5%, no further disclosures. Interesting to learn who else is absorbing those shares - potentially to trend upwards once the selling is done? Not too familiar on the TA side but one headwind may be that the covid cases in Indonesia are trending up quite substantially, will see if this has any impact on their business.
Good to see 0.88 today?
Time to move 0.88
Reach high of 87cts before broad mkt decline ytd.....expect further upsides well supported...interest is growing and volume oso...!
w5 tgt 880
px hit 870
unluncky market turn down
w5 likely cut short
wabc tgt near w4 760
it also depend on broad market sentiment
px hit 870
unluncky market turn down
w5 likely cut short
wabc tgt near w4 760
it also depend on broad market sentiment
Acewind ( Date: 09-Jun-2020 19:59) Posted:
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Hi master yuan, does today rally considered as w5? If so, the ew had completed for Delfi? What could the direction of this stock thereafter? Many thanks!
SgYuan ( Date: 05-Jun-2020 08:10) Posted:
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Looks like a nice upturn - hope the momentum can be sustained
Underperforming the market so far over the last 1-2 weeks even though USD/IDR has fell back to less than 13900, similar to lows seen in 1Q20. Cocoa prices remain depressed while valuation gap with peers continues to widen.
Should expect value investors to spot this at some point as traction picks up in the market.
Should expect value investors to spot this at some point as traction picks up in the market.
iinvestor ( Date: 08-Jun-2020 15:42) Posted:
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building up nicely....breaking out 80cts soon......eat chocolate and wait.
Volume spiked on Friday with KGI' s latest initiation - third broker to cover after DBS and RHB with TP of 93c.
Indonesia sweet darling
- Favourable demographic and economic conditions in Indonesia continue to underpin Delfi Limited&rsquo s (Delfi) growth strategies in the long term. Delfi receives more than 70% of its revenues from Indonesia, whose growth is largely supported by a flourishing young middle class who are on the continuous pursuit for elevated lifestyles.
- With a renewed in-house distribution model for its key Modern Trade customers, and its recent acquisition of the perpetual and exclusive license to the Van Houten brand for markets in Asia (excluding India, Korea and the Middle East), Delfi is primed to capitalize on the premiumisation trend among Indonesia&rsquo s youth and the young at heart.
- We initiate on Delfi with an OUTPERFORM rating, and a blended 12-month target price (TP) of S$0.93. We believe that Covid-19 disruptions are merely speedbumps on the road to strong sustained growth, as Delfi continues to evolve with the Indonesian consumer, and their changing tastes and preferences.
Delfi manufactures and distributes many of Indonesia favourite chocolate confectionery products, holding a strong and unwavering market share of close to 50%. Even global chocolatiers such as Cadbury (owned by Mondelez International Inc), Ferrero and Nestlé combined hold less than 20% of the Indonesian confectionery market. This has been and will continue to be the trend as Indonesian shoppers are not only fiercely loyal to local brands for many of their daily needs, but are also more price sensitive, especially for the value product ranges that cater to the Traditional Trade (mom-and-pop stores) consumers.
In catering to the Modern Trade consumers in supermarkets and convenience stores, Delfi is working on the rejuvenation of their newly acquired Van Houten brand, as they have previously done before with the Philippine Goya and Knick Knack brands. This will work towards supporting its growth strategies of capitalising on the up and coming premiumisation trend among Indonesian youths. Delfi has also restructured its distribution model to help reduce costs
while improving the quality and timeliness of its deliveries to key customers.
Due to the global supply chain and demand disruptions resulting from Covid-19 lockdowns, the International Monetary Fund (IMF) has reduced Indonesia&rsquo s growth forecasts for 2020 to 0.5%, while projecting for unemployment rates to rise to 7.5% in 2020 (2019: 5.3%).
However, we also note that emerging markets such as Indonesia have consistently recovered more quickly than developed markets &ndash Indonesia too particularly as it is much more domestic-demand-oriented. In 2019, domestic consumption contributed almost 60% of Indonesia&rsquo s GDP, a stark difference to Singapore&rsquo s c.36%. As a result, the IMF has also projected for one of the fastest recoveries for Indonesia in the last 25 years, a GDP growth of 8.2% in 2021.
We believe that this is consistent with past trends where Indonesia has recovered not only quickly from crises, but emerged even stronger than before. In addition, consumer sentiment has remained relatively buoyant especially in the grocery category, with many expressing the intention and expectation to spend more on snacks and groceries as they continue to stay home.
Valuation & Action: We initiate on Delfi with a blended 12- month TP of S$0.93, using a conservative 15.0x P/E as compared to its Indonesian confectionery peers who are currently trading at an average of 25.5x P/E. This represents a total upside of 23.4%, including a blended dividend yield of 2.4% for FY20/21.
Risks: Longer than expected recovery from Covid-19 disruptions, foreign exchange risks as Delfi&rsquo s reporting currency is denominated in USD, and further claims
associated with the disposal of Delfi Cacau Brazil Ltda.
Indonesia sweet darling
- Favourable demographic and economic conditions in Indonesia continue to underpin Delfi Limited&rsquo s (Delfi) growth strategies in the long term. Delfi receives more than 70% of its revenues from Indonesia, whose growth is largely supported by a flourishing young middle class who are on the continuous pursuit for elevated lifestyles.
- With a renewed in-house distribution model for its key Modern Trade customers, and its recent acquisition of the perpetual and exclusive license to the Van Houten brand for markets in Asia (excluding India, Korea and the Middle East), Delfi is primed to capitalize on the premiumisation trend among Indonesia&rsquo s youth and the young at heart.
- We initiate on Delfi with an OUTPERFORM rating, and a blended 12-month target price (TP) of S$0.93. We believe that Covid-19 disruptions are merely speedbumps on the road to strong sustained growth, as Delfi continues to evolve with the Indonesian consumer, and their changing tastes and preferences.
Delfi manufactures and distributes many of Indonesia favourite chocolate confectionery products, holding a strong and unwavering market share of close to 50%. Even global chocolatiers such as Cadbury (owned by Mondelez International Inc), Ferrero and Nestlé combined hold less than 20% of the Indonesian confectionery market. This has been and will continue to be the trend as Indonesian shoppers are not only fiercely loyal to local brands for many of their daily needs, but are also more price sensitive, especially for the value product ranges that cater to the Traditional Trade (mom-and-pop stores) consumers.
In catering to the Modern Trade consumers in supermarkets and convenience stores, Delfi is working on the rejuvenation of their newly acquired Van Houten brand, as they have previously done before with the Philippine Goya and Knick Knack brands. This will work towards supporting its growth strategies of capitalising on the up and coming premiumisation trend among Indonesian youths. Delfi has also restructured its distribution model to help reduce costs
while improving the quality and timeliness of its deliveries to key customers.
Due to the global supply chain and demand disruptions resulting from Covid-19 lockdowns, the International Monetary Fund (IMF) has reduced Indonesia&rsquo s growth forecasts for 2020 to 0.5%, while projecting for unemployment rates to rise to 7.5% in 2020 (2019: 5.3%).
However, we also note that emerging markets such as Indonesia have consistently recovered more quickly than developed markets &ndash Indonesia too particularly as it is much more domestic-demand-oriented. In 2019, domestic consumption contributed almost 60% of Indonesia&rsquo s GDP, a stark difference to Singapore&rsquo s c.36%. As a result, the IMF has also projected for one of the fastest recoveries for Indonesia in the last 25 years, a GDP growth of 8.2% in 2021.
We believe that this is consistent with past trends where Indonesia has recovered not only quickly from crises, but emerged even stronger than before. In addition, consumer sentiment has remained relatively buoyant especially in the grocery category, with many expressing the intention and expectation to spend more on snacks and groceries as they continue to stay home.
Valuation & Action: We initiate on Delfi with a blended 12- month TP of S$0.93, using a conservative 15.0x P/E as compared to its Indonesian confectionery peers who are currently trading at an average of 25.5x P/E. This represents a total upside of 23.4%, including a blended dividend yield of 2.4% for FY20/21.
Risks: Longer than expected recovery from Covid-19 disruptions, foreign exchange risks as Delfi&rsquo s reporting currency is denominated in USD, and further claims
associated with the disposal of Delfi Cacau Brazil Ltda.
👍
iinvestor ( Date: 05-Jun-2020 11:47) Posted:
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accumulation at 765/77...patient investors will be rewarded..
This one $3 in 2015...play the long game
This one $3 in 2015...play the long game
Elf2000 ( Date: 05-Jun-2020 10:55) Posted:
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