Delfi's Earnings Outlook Seems Brighter on Falling Cocoa Prices -- Market Talk

Dow Jones
02/26

0557 GMT - Delfi's earnings outlook seems brighter on falling cocoa prices, RHB Research's Alfie Yeo says in a research report. Since December 2025, cocoa prices have declined by a further 51%, prompting RHB Research to turn more positive on the chocolate confectionery manufacturer and lift its 2026 and 2027 earnings forecasts by 10% and 5%, respectively. Fundamentally, the Singapore-listed company remains strong, as taking out the drag of currency translation and the loss of an agency account from its 2025 results would have seen the earnings outperform the analyst's forecasts. RHB Research raises the stock's target price to S$1.20 from S$0.94, while maintaining a buy rating. Shares are 3.7% higher at S$0.98. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

February 26, 2026 00:57 ET (05:57 GMT)

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