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Delfi positioning for growth beyond the pandemic: CGS-CIMB

Atiqah Mokhtar
Atiqah Mokhtar9/29/2021 06:06 PM GMT+08  • 3 min read
Delfi positioning for growth beyond the pandemic: CGS-CIMB
Delfi is positioning for growth through optimising its portfolio offerings and enhancing service levels.
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CGS-CIMB analyst Tay Wee Kuang has reiterated his “add” rating for Delfi with an unchanged target price of $1.02 following a recent non-deal roadshow meeting with the company.

In a Sept 28 research note, Tay highlights that Delfi’s management shared its concerns on short-term uncertainties facing the company in light of the ongoing Covid-19 situation. Lower footfall at supermarkets and hypermarkets due to restrictions have resulted in lower chocolate confectionery sales.

See: Delfi meets evergreen regional demand for sweet chocolate treats

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