UOB Kay Hian analyst John Cheong maintained a Buy rating on Delfi (PEFDF – Research Report) on April 4 and set a price target of S$1.71. The company’s shares closed yesterday at $0.81.
According to TipRanks, Cheong is a 3-star analyst with an average return of 3.4% and a 65.00% success rate. Cheong covers the Technology sector, focusing on stocks such as CSE Global, UMS Holdings, and Venture.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Delfi with a $1.21 average price target.
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The company has a one-year high of $0.89 and a one-year low of $0.44. Currently, Delfi has an average volume of 20.83K.
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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.
