In a report released on March 1, John Cheong from UOB Kay Hian maintained a Buy rating on Delfi (PEFDF – Research Report), with a price target of S$1.71. The company’s shares closed last Tuesday at $0.74.
According to TipRanks, Cheong is an analyst with an average return of -3.3% and a 53.85% success rate. Cheong covers the Technology sector, focusing on stocks such as UMS Holdings, CSE Global, and Venture.
Delfi has an analyst consensus of Moderate Buy, with a price target consensus of $1.27.
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Based on Delfi’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0
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Delfi Ltd manufactures and sells chocolate confectionary products in southeast Asia. Its core markets are Indonesia, which accounts for more than two-thirds of the company’s sales, and the Philippines. The company also sells its products in Malaysia and Singapore. Petra’s flagship brands include SilverQueen, Ceres, Delfi, Goya, and KnickKnacks. The firm imports cocoa, a primary raw material, from cocoa farmers in Nigeria and Ivory Coast in Africa. Geographically, it generates a majority of its revenue from Indonesia.
