Singapore Stock Market News
Petra Foods - Building a Strong Position
StockFanatic
Publish date: Wed, 08 Oct 2014, 11:57 AM
StockFanatic
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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.
In our recent visits to Jakarta and Manila, we observed Petra is strongly positioned for the structural growth of modern trade channels in its two core markets. Particularly, we believe its Goya brand enjoys greater shelf-space than its 10% market share suggests. We keep our BUY call and SGD4.50 TP (implying 14% upside), continuing to like Petra for its pure exposure to Asean's two biggest chocolate confectionery markets.
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