According to the analysts’ report on Aug 22, Japfa’s operations which are in emerging markets such as Indonesia, Vietnam, Myanmar, India and Bangladesh, has leading positions in day-old chicks (DOC), and poultry feed.
Analysts from DBS Group Research have raised their target price for Japfa (SGX:UD2
) , after higher earnings projections on Japfa’s Comfeed was announced.
Chee Zheng Feng and Andy Sim from DBS say that the agri-food company has “more legs to run”, and have raised their target price to 49 cents from 45 cents previously.
