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Yes positive to chocolate makers . Just added some at 0.74
Cocoa bean price has dropped a lot , should benefit Delfi down the road
Cocoa bean price has come down. Understand MAR and Hersey are interested to buy Delfi , so as to get the Indonesia market thru M & A. They just have to pay a high premium for Delfi .
Waiting for the team to short...
Dare to talk only . NATO
It seem like no one dare to short...
Team, let us short this one today. Join us if you want to make some money!
eddyeddy ( Date: 13-Aug-2025 16:41) Posted:
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The controlling Chuang family has no succession plan for their children to take over the biz , either their children are not capable or interested. They will sell their controlling 52% to the MNC chocolate competitor sooner or later . Hearsay or MAR are interested in them to get into the huge Indonesia market thru this acquisition.
Scoop some at 0.77 /0.78 , over sold already
Delfi H1 net profit down 37.7% to US$12.2 million on softer performance in Indonesia
Revenue for H1 is 0.5% down at US$259.6 million, on the back of a softer performance in Indonesia, but largely offset by growth in its regional markets
[SINGAPORE] Delfi posted a 37.7 per cent drop in net profit to US$12.2 million for its first half ended Jun 30, 2025, from US$19.6 million in the previous corresponding period.
Excluding a non-recurring item resulting from the streamlining of its Philippine manufacturing operations, net profit would have been down 33.9 per cent to US$12.9 million, the chocolate confectionery company said in a bourse filing on Tuesday (Aug 12).
Earnings per share stood at 2 US cents for the half-year period, down from 3.2 cents the previous year.
In the half-year period, the company said it had spent more on promotions in Indonesia to drive the growth of its key brands and to address heightened competitive pressures.
Meanwhile, its agency brands in Indonesia recorded lower sales, on the back of reduced promotion spending by some agencies, it said.
Revenue for H1 fell 0.5 per cent to US$259.6 million, from US$260.8 million in the year before. This was primarily due to a softer performance in Indonesia, but largely offset by growth in its regional markets.
The top line also reflected the impact of a weaker Indonesian rupiah against the US dollar during the period, Delfi said.
An interim dividend of 1 US cent (1.28 Singapore cents) a share was declared for the half year, down from 2.72 Singapore cents the year before. The dividend will be paid on Sep 12, after books closure on Aug 28.
Delfi expects the operating environment to remain challenging in the rest of 2025 and into 2026, shaped by ongoing geopolitical tensions, macroeconomic headwinds and uncertainty in global trade.
Persistently high cocoa bean prices also remain a major headwind for chocolate manufacturers globally, and are expected to continue hurting industry earnings, it said.
Over reacted...
别 墅 里 面 唱 K. Singing need a soundproof room.
Will only accept 1.50
GO in the Pipeline
String buying recently , something brewing ?
CGSI downgrades Delfi, cuts target price as high cocoa prices sour sentiment
New figure of S$0.71 is more than 19% less than the previous S$0.88
[SINGAPORE] CGS International (CGSI) has downgraded its recommendation on chocolate confectioner Delfi to &ldquo hold&rdquo , from &ldquo add&rdquo previously, and slashed its target price by more than 19 per cent to S$0.71.
&ldquo We think weaker consumer sentiment, coupled with elevated cocoa prices and a weaker Indonesian rupiah against the US dollar, could pressure profitability in the near term,&rdquo said CGSI analysts Tay Wee Kuang and Tan Jie Hui in a report on Wednesday (May 21).
The analysts have trimmed their revenue expectations, and cut their earnings per share (EPS) forecasts for FY2025 to FY2027 by 15.5 to 17.4 per cent.
The new target price &ndash lowered from S$0.88 previously &ndash is still pegged to a price-to-earnings ratio of 11 times for FY2026, which is at 0.5 standard deviation below the mean due to expectations of weaker profitability.
This also accounts for a negative translation impact from the weakening greenback against the Singapore dollar.
Despite the gloomier outlook as Delfi braces for &ldquo macroeconomic headwinds&rdquo , the analysts noted that its revenue for the first quarter ended March was largely in line with consensus estimates.
Delfi&rsquo s Q1 revenue dipped 0.5 per cent year on year to US$149.8 million, from US$150.7 million previously.
Revenue from Indonesia fell 4 per cent to US$99.3 million. However, on a constant currency basis, excluding the impact of a weaker rupiah against the US dollar, net sales would have been flat.
Delfi attributed the resilient sales in Indonesia to better sales for its own brands as a result of its increased promotional spending.
This helped offset decreased sales of its agency brands, where they saw a cut in promotional spending from agency partners.
Earnings before interest, taxes, depreciation and amortisation dropped 27 per cent to US$17 million in Q1.
This suggests, the analysts said, &ldquo an increase in operating expenses that resulted in poorer operating leverage&rdquo .
Despite the declining profitability, the research house noted that Delfi&rsquo s cash flow generation still remained healthy.
In the first quarter, the chocolate confectioner generated a free cash flow of US$34.4 million, up from US$23.1 million in the same year-ago period.
It also saw an improvement in its cash balance to US$70.4 million.
Delfi&rsquo s Q1 Ebitda down 27.2% on weaker regional currencies, trade tensions
High cocoa bean prices are the most significant headwind, and are expected to put pressure on industry earnings
[SINGAPORE] Chocolate confectioner Delfi : P34 0% ran up a 27.2 per cent drop in earnings before interest, taxes, depreciation and amortisation (Ebitda) to US$17 million in the first quarter ended Mar 31, down from US$23.3 million the year before.
Net sales fell some 0.5 per cent to US$149.8 million in Q1 2025 from US$150.7 million in the same period a year earlier.
In a business update posted on the local bourse on Tuesday (May 20), Delfi attributed the performance to &ldquo weaker regional currencies&rdquo , particularly the rupiah, as well as to lower sales in their agency brands business after certain agency partners in Indonesia cut back on promotional spending for their products during the period.
But it maintained that lower sales in the agency brands segment were partially offset by their higher own brands sales for Indonesia, especially for its premium-products segment.
These stronger sales figures were driven by heftier promotional investment, which countered stronger competition during the quarter and sustained momentum from the second half of last year to boost Delfi&rsquo s market share in Indonesia, said the statement.
Growth in regional markets were led by robust own-brands performance in the Philippines, as well as improved agency brands sales in the archipelago and Malaysia.
The group generated healthy net cash from operations of US$37.6 million in the first quarter, up from US$35 million in the corresponding year-ago period.
The net cash from operations went into funding capital expenditures of US$3.2 million and repaying US$6.1 million in debt, said the group.
Looking ahead, Delfi noted that high cocoa bean prices continue to be the most significant headwind for chocolate manufacturers globally. It said it expects such pressures on industry earnings to persist.
Despite these short-term challenges, Delfi remains focused on its long-term objectives. It said it is &ldquo well-positioned to manage the evolving environment&rdquo plagued by ongoing geopolitical tensions, trade uncertainties from tariff pressures and macroeconomic headwinds such as currency volatility and inflation, it said.
John and his brother Joseph are nearing 80 ,and the Chusng family has no succession plan the jonior Chung do not want to take over this biz . So they could sell out their controlling stakes to the big players in UD or EU.
Is it true c more and more people are going into cocoa plating due to high cocos price ?
Wolf Money(Delfi Ltd sold)
https://lonewolfinvestor.blogspot.com/2025/03/wolf-moneydelfi-ltd-sold.html
https://lonewolfinvestor.blogspot.com/2025/03/wolf-moneydelfi-ltd-sold.html