Added to YB: 2026-01-02
Pitch date: 2025-11-22
P34.SI [bullish]
Delfi Limited
-1.83%
current return
Author Info
No bio for this author
Company Info
Delfi Limited, an investment holding company, manufactures, markets, distributes, and sells chocolate, chocolate confectionery, and consumer products in Indonesia, the Philippines, Malaysia, Singapore, and internationally.
Market Cap
SGD 380.6M
Pitch Price
SGD 0.82
Price Target
1.22 (+52%)
Dividend
5.20%
EV/EBITDA
6.12
P/E
14.32
EV/Sales
0.62
Sector
Food Products
Category
value
Best Ideas Madrid 2025 - Delfi Limited
P34.SI: Dominant EM chocolate leader w/ 45% Indonesia share, trading at discount due to cocoa price shock. DCF fair value SGD 1.22 vs current SGD 0.82 (50-60% upside). Irreplaceable distribution moat, iconic brands. Cocoa down 54% from peak. Key risks: commodity volatility, FX, competition.
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