Delfi's Indonesia Sales Could Recover as Covid Cases Decline -- Market Talk
Delfi's Indonesia Sales Could Recover as Covid Cases Decline -- Market Talk
0748 GMT - Delfi's Indonesia sales could grow as the country's Covid-19 cases decline and footfall in shops returns, CGS-CIMB says. Indonesia is the chocolate and candy seller's largest market, contributing 66% of total revenue, according to FactSet's estimates. Higher spending in the year-end holiday period should also boost sales, which should result in higher 4Q revenue. CGS-CIMB believes Delfi is on track to hit its FY revenue forecast of US$415.6 million. The brokerage keeps an add rating and S$1.02 target price on Delfi, which is 2.6% higher at S$0.78. (yongchang.chin@wsj.com)
0748GMT-聯昌國際表示，隨着印尼新冠肺炎案件的減少和商店客流量的回升，德爾菲在印尼的銷售額可能會增長。據FactSet估計，印尼是這家巧克力和糖果銷售商最大的市場，貢獻了總營收的66%。年終假期期間更高的支出也應該會提振銷售，這應該會帶來更高的第四季度收入。CGS-CIMB相信Delfi有望達到4.156億美元的財年收入預期。該券商對Delfi維持ADD評級和1.02新元目標價，Delfi上漲2.6%，報0.78新元。(yongchang.chin@wsj.com)
譯文內容由第三人軟體翻譯。