Singapore Stock Market News
Petra Foods - In a Tough Spot
StockFanatic
Publish date: Mon, 16 Nov 2015, 01:58 PM
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.
3Q15 results were below expectations, with profit plunging into the red, even excluding a one-off USD19.5m charge following the dispute settlement with Barry Callebaut. With the alarming decline in volumes and persistent regional currency weakness, we do not think there will be a quick turnaround. Maintain SELL with a lower DCF-derived TP of SGD2.00 (from SGD2.50, 25% downside).
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