This is what you need to know about Delfi, a turnaround story that's starting to pay growing dividends over the last 6 years.
Delfi shares is probably one of the worst performers on SGX.
Shares have plunged over 68% since 2015. At one point, it reached a low 67 cents per share.
Yet, Delfi bullies Indonesia’s chocolate confectionary market. Somewhat like this other Singapore dividend grower.
At just S$850 million, Delfi is Indonesia’s biggest chocolate maker – dominating a 45% market share.
Tough competition — but a strong tailwind for Delfi
Indonesia’s chocolate market is highly fragmented. And very hard to break in.
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Big giants like Nestle, even Ferrero, have tried for years but found it tough to fight in the narrow alley against local players, like Delfi....