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Petra Foods - Chocolates delight
StockFanatic
Publish date: Sat, 18 May 2013, 01:43 PM
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
With its divestment slated for
completion by Jul, we focus purely on
the branded consumer segment. Net
profit was in line with expectations at
24% of our FY13 estimate, but was
slightly short of consensus forecasts
at 21%. We raise our SOP target to
accord a higher valuation for its
consumer business. No changes to
our Neutral rating and EPS forecasts.
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