DBS analyst Zheng Feng Chee maintained a Buy rating on Delfi (PEFDF – Research Report) on August 10 and set a price target of S$1.63. The company’s shares closed last Friday at $0.90.
According to TipRanks, Feng Chee is an analyst with an average return of -34.0% and a 30.00% success rate.
Delfi has an analyst consensus of Strong Buy, with a price target consensus of $1.27, which is a 40.47% upside from current levels. In a report released on August 10, UOB Kay Hian also maintained a Buy rating on the stock with a S$1.83 price target.
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PEFDF market cap is currently $595.7M and has a P/E ratio of 12.09.
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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.
