UOB Kay Hian analyst John Cheong maintained a Buy rating on Delfi (PEFDF – Research Report) yesterday and set a price target of S$1.83. The company’s shares closed last Friday at $0.90.
According to TipRanks, Cheong is a 3-star analyst with an average return of 5.6% and a 62.16% success rate. Cheong covers the Industrials sector, focusing on stocks such as CSE Global, UMS Holdings, and Valuetronics Holdings.
Delfi has an analyst consensus of Moderate Buy, with a price target consensus of $1.29.
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PEFDF market cap is currently $593.7M and has a P/E ratio of 11.96.
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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.
