Delfi Likely to Benefit From Strong Cash Generation -- Market Talk

Dow Jones03-24

0639 GMT - Delfi is likely to benefit from strong cash generation, CGS International's Tay Wee Kuang says in a research report. This could continue to support higher marketing expenses this year to position the Singapore-listed company to capture stronger earnings growth next year, the analyst says. This earnings growth should be aided by expansion in the chocolate confectionery manufacturer's gross profit margins following continued fall in cocoa prices since January 2025 as its existing cocoa forward hedges expire. The brokerage lifts its 2026 and 2027 EPS forecasts by 1.4% and 15.1%, respectively. It raises the stock's target price to S$0.91 from S$0.81 with an unchanged hold rating. Shares are 1.6% lower at S$0.92. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 24, 2026 02:39 ET (06:39 GMT)

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This earnings growth should be aided by expansion in the chocolate confectionery manufacturer's gross profit margins following continued fall in cocoa prices since January 2025 as its existing cocoa forward hedges expire. The brokerage lifts its 2026 and 2027 EPS forecasts by 1.4% and 15.1%, respectively. It raises the stock's target price to S$0.91 from S$0.81 with an unchanged hold rating. Shares are 1.6% lower at S$0.92. 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