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Delfi is on uptrend.....
Juz be patient...
On the contrary, Food empire had moved too even result not out yet
So, Delfi wl catch up later ..
Juz be patient...
On the contrary, Food empire had moved too even result not out yet
So, Delfi wl catch up later ..
Elf2000 ( Date: 08-Aug-2023 15:34) Posted:
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Food empire performing better than delfi now. What a joke. Delfi has to go up from here.
It seem very calm now... might be moving up again...
Those whom sold higher prices pbbly wl reload when there' s pullbk
Delfi is on uptrend mode.
Profit taking is healthy
Delfi is on uptrend mode.
Profit taking is healthy
Lock profit first?
CIMB issued a technical Buy call today
Target $1.45, 1.55, 1.65 respectively
Co guided better FY23 ahead....
Economist expect Indo economy to.do well in FY24 citing 5.2% growth.
Delfi is still on growth path
Target $1.45, 1.55, 1.65 respectively
Co guided better FY23 ahead....
Economist expect Indo economy to.do well in FY24 citing 5.2% growth.
Delfi is still on growth path
msksmsks ( Date: 08-Aug-2023 10:45) Posted:
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Delfi reports earnings of US$25.2 million for 1HFY2023, guides for better FY2023 over FY2022Delfi has reported earnings of US$25.2 million for its 1HFY2023, up 30.1% y-o-y. Revenue increased by 16.2% y-o-y to US$286.2 million.The chocolate maker attributes the better showing to further sales growth captured by its own brand products, such as SilverQueen and Delfi Premium.For this segment, Delfi generated revenue of US$168.1 million reported for 1HFY2023, up from US$150.8 million.The products sold under other companies' brands did well too, with revenue for this segment up from US$95.4 million to US$118.1 million.Delfi plans to pay an interim dividend of 2.73 cents, up from 2.18 cents.&ldquo We are very encouraged by the growth momentum that has continued from FY2022," says CEO John Chuang." At mid-year, our 1H 2023 results are better than what we achieved in 1H 2022, so barring unforeseen circumstances and macroeconomic headwinds, we are optimistic about our performance for the full financial year," says Chuang, adding that FY2023 is likely to be better than FY2022.Delfi plans to continue enlarging its core strategic products and drive further growth from its premium brand categories, while putting in ongoing efforts to strengthen its distribution capabilities.
Tomorrow is non trading day
$1.4 in the making ....
Hold on for higher gains when they breached 1.45
Hold on for higher gains when they breached 1.45
msksmsks ( Date: 08-Aug-2023 09:17) Posted:
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Some profit taking but later wl zoom past 1.35 and charge fwd.
With better guidance ahead and higher dividend payout, opined wl go higher than 1.45 last high
Delfi is still a growth stock
With better guidance ahead and higher dividend payout, opined wl go higher than 1.45 last high
Delfi is still a growth stock
Many investor are like sheep...need to wait for analysts reports. LoL
Well done Delfi
Generate higher revenue and profits and ushering higher dividend payout compared with corresponding period of last year .
Might hv upgrade fm analysts as Co expect a better FY23
Cheers
Generate higher revenue and profits and ushering higher dividend payout compared with corresponding period of last year .
Might hv upgrade fm analysts as Co expect a better FY23
Cheers
Tml going above 1.3 again and hopefully can go to 1.4-1.5 range
Delfi&rsquo s growth momentum continues with strong increase in 1H 2023 sales and earnings
Attributes solid performance to robust consumer demand in key markets and the strength of its Own Brands, which are supported by a compelling portfolio of complementary Agency Brands and an extensive distribution network.
Declares interim cash dividend of 2.06 US cents (2.73 Singapore cents) per ordinary share representing a dividend payout ratio of 50% of 1H 2023&rsquo s PATMI.
SINGAPORE - 7 August 2023 - SGX Mainboard-listed chocolate confectionery company, Delfi Limited (&ldquo Delfi&rdquo , the &ldquo Company&rdquo or together with its subsidiaries, the &ldquo Group&rdquo ) has achieved a strong performance for the six months ended 30 June 2023 (&ldquo 1H 2023&rdquo ) with growth in both top and bottom lines as compared to the corresponding six months in 2022 (&ldquo 1H 2022&rdquo ). Continuing on its recent growth trajectory, the Group&rsquo s PATMI increased 30.1% Year-on-Year (&ldquo Yo-Y&rdquo ) to US$25.2 million in 1H 2023 while EBITDA came in 15.6% higher at US$40.0 million. The improved earnings was on the back of increased sales which expanded 16.2% Y-o-Y to US$286.2 million during the period under review.
Delfi attributed the strong showing to several factors. In recent years, the Group has made significant investments in R& D to build up its Own Brands portfolio including introducing brand extensions and new items targeted at Gen-Zs and Millennials as well as a healthier range targeted at more health-conscious consumers. The Group also continued to manage a compelling range of Agency Brands to complement its Own Brands. Both segments are supported by an extensive network of distribution channels comprising both the Modern Trade and Traditional Trade.
Delfi&rsquo s efforts culminated in higher sales from both its Own Brands and Agency Brands segments across all its markets, particularly in the premium category which contributed to the 0.6 percentage point uptick in gross profit margin to 30.0% in 1H 2023.
By business segment, the Group&rsquo s Own Brands contributed US$168.1 million to total revenue in 1H 2023 (1H 2022: US$150.9 million) while Agency Brands contributed US$118.1 million (1H 2022: US$95.4 million).
By geographical segment, Indonesia continued to be the main revenue contributor in 1H 2023, pulling in US$190.1 million in sales (1H 2022: US$167.2 million) driven mainly by broad based growth in Own Brands especially its premium brands of SilverQueen and Delfi Premium. In the Regional Markets, revenue grew 21.5% Y-o-Y to US$96.1 million led by demand for Agency Brands in Malaysia particularly in the confectionery and healthcare categories, combined with the contribution from the recently added Lee Kum Kee sauce products that were added to our portfolio of Agency Brands during the 2H 2022.
Mr John Chuang, Delfi&rsquo s Chief Executive Officer, said: &ldquo We are very encouraged by the growth momentum that has continued from FY20221. At mid-year, our 1H 2023 results are better than what we achieved in 1H 2022, so barring unforeseen circumstances and macroeconomic headwinds, we are optimistic about our performance for the full financial year.
&ldquo Our premium products, with higher margins, continue to perform well. I am also pleased to report that our new products, for example our 7+ and Van Houten Vegan series, are performing well since launch&rdquo .
After paying dividends of US$16.6 million in May 2023, the Group&rsquo s cash and cash equivalents stood at US$73.2 million as at 30 June 2023, putting it in a healthy financial position to face uncertainties that may emerge.
With the good results in the first six months of the year, the Group has declared an interim cash dividend of 2.73 Singapore cents per ordinary share for 1H 2023 (1H 2022: 2.18 Singapore cents per ordinary share). This represents a pay-out ratio of 50% of the PATMI achieved in 1H 2023.
BUSINESS OUTLOOK
Looking ahead, Delfi is confident that it will be able to expect better performance for the year in 2023 compared to 2022&rsquo s performance.
The Group intends to continue enlarging its core strategic products and drive further growth from its premium brand categories, while putting in ongoing efforts to strengthen its distribution capabilities. At the same time, it will prudently manage its costs and maintain a healthy financial position to support business growth.
Attributes solid performance to robust consumer demand in key markets and the strength of its Own Brands, which are supported by a compelling portfolio of complementary Agency Brands and an extensive distribution network.
Declares interim cash dividend of 2.06 US cents (2.73 Singapore cents) per ordinary share representing a dividend payout ratio of 50% of 1H 2023&rsquo s PATMI.
SINGAPORE - 7 August 2023 - SGX Mainboard-listed chocolate confectionery company, Delfi Limited (&ldquo Delfi&rdquo , the &ldquo Company&rdquo or together with its subsidiaries, the &ldquo Group&rdquo ) has achieved a strong performance for the six months ended 30 June 2023 (&ldquo 1H 2023&rdquo ) with growth in both top and bottom lines as compared to the corresponding six months in 2022 (&ldquo 1H 2022&rdquo ). Continuing on its recent growth trajectory, the Group&rsquo s PATMI increased 30.1% Year-on-Year (&ldquo Yo-Y&rdquo ) to US$25.2 million in 1H 2023 while EBITDA came in 15.6% higher at US$40.0 million. The improved earnings was on the back of increased sales which expanded 16.2% Y-o-Y to US$286.2 million during the period under review.
Delfi attributed the strong showing to several factors. In recent years, the Group has made significant investments in R& D to build up its Own Brands portfolio including introducing brand extensions and new items targeted at Gen-Zs and Millennials as well as a healthier range targeted at more health-conscious consumers. The Group also continued to manage a compelling range of Agency Brands to complement its Own Brands. Both segments are supported by an extensive network of distribution channels comprising both the Modern Trade and Traditional Trade.
Delfi&rsquo s efforts culminated in higher sales from both its Own Brands and Agency Brands segments across all its markets, particularly in the premium category which contributed to the 0.6 percentage point uptick in gross profit margin to 30.0% in 1H 2023.
By business segment, the Group&rsquo s Own Brands contributed US$168.1 million to total revenue in 1H 2023 (1H 2022: US$150.9 million) while Agency Brands contributed US$118.1 million (1H 2022: US$95.4 million).
By geographical segment, Indonesia continued to be the main revenue contributor in 1H 2023, pulling in US$190.1 million in sales (1H 2022: US$167.2 million) driven mainly by broad based growth in Own Brands especially its premium brands of SilverQueen and Delfi Premium. In the Regional Markets, revenue grew 21.5% Y-o-Y to US$96.1 million led by demand for Agency Brands in Malaysia particularly in the confectionery and healthcare categories, combined with the contribution from the recently added Lee Kum Kee sauce products that were added to our portfolio of Agency Brands during the 2H 2022.
Mr John Chuang, Delfi&rsquo s Chief Executive Officer, said: &ldquo We are very encouraged by the growth momentum that has continued from FY20221. At mid-year, our 1H 2023 results are better than what we achieved in 1H 2022, so barring unforeseen circumstances and macroeconomic headwinds, we are optimistic about our performance for the full financial year.
&ldquo Our premium products, with higher margins, continue to perform well. I am also pleased to report that our new products, for example our 7+ and Van Houten Vegan series, are performing well since launch&rdquo .
After paying dividends of US$16.6 million in May 2023, the Group&rsquo s cash and cash equivalents stood at US$73.2 million as at 30 June 2023, putting it in a healthy financial position to face uncertainties that may emerge.
With the good results in the first six months of the year, the Group has declared an interim cash dividend of 2.73 Singapore cents per ordinary share for 1H 2023 (1H 2022: 2.18 Singapore cents per ordinary share). This represents a pay-out ratio of 50% of the PATMI achieved in 1H 2023.
BUSINESS OUTLOOK
Looking ahead, Delfi is confident that it will be able to expect better performance for the year in 2023 compared to 2022&rsquo s performance.
The Group intends to continue enlarging its core strategic products and drive further growth from its premium brand categories, while putting in ongoing efforts to strengthen its distribution capabilities. At the same time, it will prudently manage its costs and maintain a healthy financial position to support business growth.
FOR IMMEDIATE RELEASE
Delfi?s growth momentum continues with strong increase
in 1H 2023 sales and earnings
Attributes solid performance to robust consumer demand in key markets and the
strength of its Own Brands, which are supported by a compelling portfolio of complementary Agency Brands and an extensive distribution network.
Declares interim cash dividend of 2.06 US cents (2.73 Singapore cents) per ordinary share representing a dividend payout ratio of 50% of 1H 2023?s PATMI. ....
https://links.sgx.com/1.0.0/corporate-announcements/S8NEBSHKLI9OIDXF/768088_1H%202023%20PR.pdf
Delfi?s growth momentum continues with strong increase
in 1H 2023 sales and earnings
Attributes solid performance to robust consumer demand in key markets and the
strength of its Own Brands, which are supported by a compelling portfolio of complementary Agency Brands and an extensive distribution network.
Declares interim cash dividend of 2.06 US cents (2.73 Singapore cents) per ordinary share representing a dividend payout ratio of 50% of 1H 2023?s PATMI. ....
https://links.sgx.com/1.0.0/corporate-announcements/S8NEBSHKLI9OIDXF/768088_1H%202023%20PR.pdf
7th Aug 2023 will be the announcement of 1H2023 results (after trading hours). Analysis have a target price (TP) of between 1.65 to 1.71.
However, I see the price coming down from a high of 1.45 on 19th May 2023 to a low of 1.21 just at the beginning of this week.
Will the price come back up again? DYODD!
However, I see the price coming down from a high of 1.45 on 19th May 2023 to a low of 1.21 just at the beginning of this week.
Will the price come back up again? DYODD!
turtletrader ( Date: 03-Aug-2023 10:32) Posted:
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NIce turnaround after the decline to 1.21 in early part of the week. Hope to hear good results next week and may be declaration of higher dividend? :)
Let's hope yr prayers wl be answered
Cheers
Cheers
After the over-selling during the past few days, can we hope to see at least $1.30 today?
Hedging is like 2 sides of a coin. It' s inevitable if u got it wrong.
If memory serves me right, i don see any hedging in sugar. Correct me
if i' m wrong and i thinked this is still negligible as compared to Cocoa
I recalled seeing fm rpt that says:
1) The cost and availability of cocoa
2) The health of Indo economy
That wl affect their P& L
If memory serves me right, i don see any hedging in sugar. Correct me
if i' m wrong and i thinked this is still negligible as compared to Cocoa
I recalled seeing fm rpt that says:
1) The cost and availability of cocoa
2) The health of Indo economy
That wl affect their P& L
Cadence88 ( Date: 02-Aug-2023 10:44) Posted:
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