Japfa (JAP)

The move is part of Japfa’s plans to grow into the largest independent raw milk producer in China.

An interim special dividend of 10 cents per share, as well as a final ordinary dividend of 1 cent per share has been declared.

Analysts from DBS and CGS-CIMB have maintained their "add" or "buy" calls on the counter.

Earnings per share (EPS) for FY2019 ended December would have been 19.05 US cents instead of 6.45 US cents.

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Analysts have maintained their “buy” or “add” calls on Japfa after a better-than-expected 3Q20 results showing

Agri-food company Japfa saw its earnings surge 500% to US$76.8 million ($105.7 million) for 1H20 ended June, from $12.8 million a year ago, due to strong performance registered from both Animal Protein – Other (APO) in Vietnam, and Dairy.

DBS analysts Andy Sim and Alfie Yeo are maintaining their “buy” calls on Japfa on the company’s geographically diverse portfolio.

Japfa Holdings's earnings for 1Q20 ended March increased by 353.9% to US$35.5 million (S$50.3 million) compared to US$7.8 million a year ago.

SINGAPORE (Dec 12): Maybank Kim Eng is maintaining Japfa at “buy” with higher 99 cents target price, fuelled by the rebound in its PT Japfa Tbk (JPFA) and Animal Protein Other (APO) divisions.