UOB Kay Hian analyst John Cheong maintained a Buy rating on Delfi (PEFDF – Research Report) today and set a price target of S$1.71. The company’s shares closed last Monday at $0.96.
Cheong covers the Industrials sector, focusing on stocks such as Valuetronics Holdings, UMS Holdings, and CSE Global. According to TipRanks, Cheong has an average return of 0.0% and a 54.29% success rate on recommended stocks.
Delfi has an analyst consensus of Moderate Buy, with a price target consensus of $1.24, representing a 29.11% upside. In a report released on June 15, CGS-CIMB also reiterated a Buy rating on the stock with a S$1.65 price target.
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PEFDF market cap is currently S$788.4M and has a P/E ratio of 13.28.
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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.
