Why Delfi Limited share price fell recently? Earlier this year in March, I did an analysis on Delfi Limited (SGX: P34). Back then, I entered into a small position with Delfi Limited. The share price has risen significantly since my purchase and I refrain from topping up since the dividend yield has grown unattractive.
In August, I noticed that the share price has started to decline. A crisis or an opportunity? Let us find out.
On 10th August 2021, Delfi Limited (SGX:P34) released its 1st half 2021 financial results.
As part of their presentation, the management shared that in a number of markets, especially Indonesia, Malaysia and the Philippines, there has been a marked increase in the prevalence of COVID-19 since the start of the year linked to the more infectious Delta-variant.
The evolution of COVID-19 pandemic continues to create uncertainties across their markets.
Why Delfi Limited share price fell recently?...