JAPFA

SINGAPORE (Oct 25): DBS Group Research is reinstating coverage on animal protein play Japfa with a “buy” on projections of an earnings turnaround in 1H18 which would stretch into 2H18 and FY19.

SINGAPORE (Oct 17): UOB Kay Hian is initiating coverage on Japfa at “buy” with a target price of 90 cents or 12.2 times FY18F earnings, compared to 13.6 times by peers.

SINGAPORE (Sept 4): Six of the biggest agriculture-focused stocks listed on the Singapore Exchange (SGX) are beating global agriculture benchmarks so far this year, according to data from Bloomberg and SGX.

SINGAPORE (June 25): Maybank KimEng expects Japfa, the animal protein supplier, to return to the recovery path with FY18E-20E profit rising back up to US$89-116 million ($121-$158 million) levels from US$16 million in FY17.

SINGAPORE (Mar 1): Japfa reported a 81% drop in FY17 earnings to US$22.6 million ($29.9 million) from US$118.8 million in FY16.

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.

SINGAPORE (Oct 26): Agri-food producer Japfa posted a 94% decline in earnings to US$3.0 million ($4.1 million) for the 3Q ended September, from US$48.0 million a year ago.

SINGAPORE (Sept 4): Singapore is well-positioned to serve integrated networks in the F&B manufacturing and processing industry, in addition to enabling capital formation through its stock market, according to Singapore Exchange (SGX) market strategist Geo

SINGAPORE (Aug 29): Maybank KimEng likes Japfa, the agri-food company, as Asia’s middle class consume more meat protein as economic growth improves.

SINGAPORE (July 27): Agri-food producer Japfa posts a loss of US$3.4 million ($4.6 million) for the 2Q17 ended June, compared to earnings of US$44.6 million a year ago.