DBSV reviewd Petra on 14 Nov 2013: 3Q results for Petra Food within expectations. Effects of weak IDR felt but margins should be sustained with higher ASP and better cost management. FY14F estimate is trimmed by 3% to reflect higher admin expenses. Maintain HOLD, TP revised to S$3.65 (Prev S$4.06) on PE valuation metric. Prefer to accumulate at below c.S$3.15 for c.15% upside potential.