JAPFA

Japfa says the strategic partnership with Japanese dairy giant Meiji is expected to strengthen its position as a raw milk producer in the growing Chinese dairy industry.

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.

Yet, the 3Q19 results were in line with analysts’ consensus expectations. “The weak performance was driven by lacklustre contribution from Japfa Comfeed Tbk (JPFA), whose EBIT declined by 52.2% y-o-y to US$29.8 million,” says DBS Group Research l

SINGAPORE (Aug 8): Lower average selling prices and higher costs drove earnings for agri-food company Japfa down to US$5 million ($6.8 million) for the 2Q19 ended June, a steep 83% drop from a year ago.

SINGAPORE (July 31): Agri-food company Japfa saw its earnings plunge 83% to US$5.0 million ($6.8 million) for the 2Q19 ended June, from US$29.6 million a year ago.

SINGAPORE (Mar 14): CGS-CIMB Research is downgrading Japfa to “reduce” from “add” previously, and cutting its target price by nearly a third to 63 cents.

SINGAPORE (Mar 5): UOB KayHian is maintaining Japfa at “buy” despite the stock’s 8% share price correction over the past two days in response to the African Swine Fever (ASF) in Vietnam.

SINGAPORE (Mar 1): Japfa has announced a nearly 80-fold increase in its FY18 earnings to US$100.4 million ($135.4 million), compared to just US$1.32 million in FY17.

SINGAPORE (Jan 30): Following a site visit to Japfa’s farms in Vietnam, analysts are confident that the group is able to survive eventual crisis involving its livestock.

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.