Broker Name: Lim & Tan Securities
Date of Report: 22 May 2026
Excerpt from Lim & Tan Securities report.
Report Summary
- Delfi Limited (Last traded price: S\$0.96, capitalized at S\$587mln):
- Action: Accumulate on Weakness
- Target Price: S\$1.23 (1-year potential upside of 28%)
- Key Idea: Strong performance in Own Brands (especially Indonesia) despite macro pressures; earnings for FY2026 likely to be flattish but consensus remains bullish due to retreating raw material prices and robust demand conditions.
- Kingsmen Creatives (Last traded price: S\$0.565, capitalized at S\$114mln):
- Action: BUY
- No explicit target price provided
- Key Idea: Positive outlook with solid earnings visibility from strong orderbooks, potential for higher dividends, and recent insider purchases signaling undervaluation. Dividend yield at 5.3%, trades at 7.2x forward P/E and 0.9x P/B.
above is an excerpt from a report by Lim & Tan Securities. Clients of Lim & Tan Securities can be the first to access the full report from the Lim & Tan Securities website : www.limtan.com.sg
