Delfi's Outlook Seems Slightly Brighter -- Market Talk

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0557 GMT - Delfi's outlook has brightened slightly, though some uncertainty around cocoa-price volatility and Indonesia's soft macro environment persists, says DBS Group Research analyst Zheng Feng Chee in a note. The analyst expects the Singapore-listed chocolate maker's marketing expenses to be lower than previously anticipated, and notes that demand has also proven more resilient--likely supported by earlier elevated promotional spending that helped Delfi defend its market share. High cocoa costs are still expected to be a headwind next year, although this should begin to ease in 2H. DBS raises its 2025-2026 earnings projections by 27% each year, upgrades its rating for Delfi's stock to hold from fully valued and lifts its target price to S$0.80 from S$0.70. Shares rise 0.6% to S$0.825. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

November 17, 2025 00:57 ET (05:57 GMT)

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The analyst expects the Singapore-listed chocolate maker's marketing expenses to be lower than previously anticipated, and notes that demand has also proven more resilient--likely supported by earlier elevated promotional spending that helped Delfi defend its market share. High cocoa costs are still expected to be a headwind next year, although this should begin to ease in 2H. DBS raises its 2025-2026 earnings projections by 27% each year, upgrades its rating for Delfi's stock to hold from fully valued and lifts its target price to S$0.80 from S$0.70. Shares rise 0.6% to S$0.825. 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The analyst expects the Singapore-listed chocolate maker's marketing expenses to be lower than previously anticipated, and notes that demand has also proven more resilient--likely supported by earlier elevated promotional spending that helped Delfi defend its market share. High cocoa costs are still expected to be a headwind next year, although this should begin to ease in 2H. DBS raises its 2025-2026 earnings projections by 27% each year, upgrades its rating for Delfi's stock to hold from fully valued and lifts its target price to S$0.80 from S$0.70. Shares rise 0.6% to S$0.825. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 17, 2025 00:57 ET (05:57 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1634259557.SGD","symbol_name":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2584611355","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2584611355","pubTimestamp":1763359020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0557 GMT - Delfi's outlook has brightened slightly, though some uncertainty around cocoa-price volatility and Indonesia's soft macro environment persists, says DBS Group Research analyst Zheng Feng Chee in a note. The analyst expects the Singapore-listed chocolate maker's marketing expenses to be lower than previously anticipated, and notes that demand has also proven more resilient--likely supported by earlier elevated promotional spending that helped Delfi defend its market share. High cocoa costs are still expected to be a headwind next year, although this should begin to ease in 2H. DBS raises its 2025-2026 earnings projections by 27% each year, upgrades its rating for Delfi's stock to hold from fully valued and lifts its target price to S$0.80 from S$0.70. Shares rise 0.6% to S$0.825. 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The analyst expects the Singapore-listed chocolate maker's marketing expenses to be lower than previously anticipated, and notes that demand has also proven more resilient--likely supported by earlier elevated promotional spending that helped Delfi defend its market share. High cocoa costs are still expected to be a headwind next year, although this should begin to ease in 2H. DBS raises its 2025-2026 earnings projections by 27% each year, upgrades its rating for Delfi's stock to hold from fully valued and lifts its target price to S$0.80 from S$0.70. Shares rise 0.6% to S$0.825. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 17, 2025 00:57 ET (05:57 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}