0636 GMT - Delfi faces various earnings headwinds, CGS International analysts say in a research report. Softer consumer sentiment, elevated cocoa prices and a weaker Indonesian rupiah could pressure the chocolate confectionary products manufacturer's profitability in the near term, they say. Also, the Singapore-listed company's 1Q Ebitda fell 27.0% on year, suggesting an increase in operating expenses that led to poorer operating leverage. Given the company's dented profitability, the brokerage reduces its 2025-2027 EPS estimates for Delfi by 15.5%-17.4%. Also, it downgrades the stock's rating to hold from add and lowers its target price to S$0.71 from S$0.88. Shares are unchanged at S$0.715. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 22, 2025 02:36 ET (06:36 GMT)
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