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AustAsia
Broker's Calls
CGS-CIMB lowers Japfa's TP to 42 cents after AAG listing
The new target price is based on an FY2024 P/E of 8x, which is based on Japfa’s remaining animal protein businesses.
January 04, 2023
IPO
AustAsia Group's offer shares priced at HK$6.40, valuing Japfa's interest at 23 cents per share
The offer price puts AustAsia’s market capitalisation at approximately HK$4.479 billion.
December 22, 2022
Global Economy
Briefs: Fed still has 'some ways to go', Japfa's AustAsia to launch IPO on Dec 15
Quoteworthy: "You can commit fraud in shorts and T-shirts in the sun." — Damian Williams, US attorney.
December 16, 2022
Insider moves
Kingsmen co-founder Ong raises stake; Japfa in buybacks ahead of subsidiary's planned IPO
"We are seeing many more projects confirmed and coming onstream," says Kingsmen CEO Andrew Cheng.
November 16, 2022
M&A
Japfa selling 5% in China milk unit to New Hope for US$58.4 mil
The US$146 million from these three investors will be used by AustAsia for general working capital and corporate purposes.
September 07, 2021
In print this week
Japfa milks profits from its dairy business
SINGAPORE (Dec 7): Japfa, an agri-food company that is focused on feeding Asia’s emerging market population, has seen its share price rise 43.14% year to date, compared with a decline of 8.2% in the Straits Times Index.
December 07, 2018
M&A
Japfa to acquire remaining stake in dairy business for US$263.1 mil
SINGAPORE (Dec 22): Agri-food company Japfa has entered into a share purchase agreement to acquire the outstanding shares in AustAsia from Black River Funds which is managed by Proterra Investment Partners LP.
December 22, 2017