Delfi May Have Scope for Gross Profit Margins to Improve Gradually -- Market Talk
Dow Jones
Nov 14, 2025
0559 GMT - Delfi may have scope for gross profit margins to gradually improve as cocoa prices come off record levels, CGS International's Tay Wee Kuang says in a research report. Recent weakness of cocoa prices means the chocolate confectionery products manufacturer's average cost of cocoa should begin to decline as inventory of its higher-cost cocoa starts to deplete, the analyst says. Delfi could begin to see lower raw material costs if it shortens the rolling-forward hedge for these materials to nine months. CGS International raises the stock's rating to hold from reduce and the target price to S$0.81 from S$0.71. Shares are 1.2% lower at S$0.825. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
November 14, 2025 00:59 ET (05:59 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.