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Petra Foods rated ‘neutral’ by CIMB

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CIMB  in an Aug 12 research report says: “2Q10 net profit of US$9.6 million (+58% y-o-y) was above our expectation at 29% of our FY2010 estimate and consensus. 1H10 net profit of US$17.9 million represents 54% of our FY2010 forecast and consensus.

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