Singapore Stock Market News

Petra Food - Impacted by weaker IDR

StockFanatic
Publish date: Fri, 09 May 2014, 12:13 AM
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• 1Q14 results were marginally below expectations, impacted by weaker regional currencies, sales volume

• Gross margins flat at 31.9% despite higher costs, weaker currencies; maintaining margins a focal point of management

• No new updates on arbitration to resolve dispute with Barry Callebaut

Maintain HOLD, TP unchanged at S$3.65
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