In a report released on March 1, Andy Sim from DBS maintained a Buy rating on Delfi (PEFDF – Research Report), with a price target of S$1.52. The company’s shares closed last Tuesday at $0.74.
According to TipRanks, Sim is a 2-star analyst with an average return of 0.5% and a 50.00% success rate.
Delfi has an analyst consensus of Moderate Buy, with a price target consensus of $1.20, representing a 62.76% upside. In a report released on March 1, UOB Kay Hian also maintained a Buy rating on the stock with a S$1.71 price target.
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PEFDF market cap is currently $481.6M and has a P/E ratio of 11.02.
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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.
