Swine price in Vietnam has exceeded its five-year high due to the African Swine Fever (ASF) outbreak.
SINGAPORE (Jan 20): UOB Kay Hian is upgrading its call on agri-food company Japfa to “buy” from “hold” with a higher target price of 80 cents from 50 cents previously.
This is due to a significant rise in Japfa’s average selling price for its three key segments – swine, raw milk and broiler – since 4Q19.
