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RHB upgrades Japan Foods to 'buy' on relaxation of dine-in restrictions

Felicia Tan
Felicia Tan • 2 min read
RHB upgrades Japan Foods to 'buy' on relaxation of dine-in restrictions
The brokerage has also increased Japan Foods’ target price estimate to 50 cents from 37 cents previously.
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RHB Group Research analyst Shekhar Jaiswal has upgraded Japan Foods Holdings to “buy” from “neutral” previously on the back of the relaxation of dine-in restrictions.

From July 12, groups of five – up from groups of two – will be allowed to eat in at food and beverage (F&B) establishments.

The gradual and selective opening of international travel is also expected to take place by the end of 2021.

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