JAPFA

SINGAPORE (July 5): DBS is reiterating its “buy” call on Japfa with a target price of 88 cents given a more stable outlook for the poultry industry in Indonesia.

SINGAPORE (April 17): CIMB Research is downgrading its call on Japfa from “add” to “reduce”, lowering its price target on the counter to 69 cents from $1.41 previously on strong headwinds in the industrial agri-food company’s two largest markets

SINGAPORE (March 3): CIMB Research is keeping its “add” position on Japfa but lowering its target price to $1.41 from $1.53 previously due to poorer than expected 4Q16 core net profit.

SINGAPORE (March 2): Indonesia-based agri-food company Japfa has posted an 83.6% increase in full-year earnings to US$118.8 million ($167.3 million), from US$64.7 million a year ago.

Equity markets are taking a breather after a run-up in the first three weeks of the year. The Straits Times Index gained 0.2% over the period of Jan 25 to 31. A travel ban imposed by US president Donald Trump on seven Muslim-majority countries appears to

SINGAPORE (Jan 24): CIMB has initiated coverage for Japfa with an “add” recommendation and a target price of $1.53, as the stock proves to be a proxy to the rising middle class in Asia.

SINGAPORE (Nov 30): Food manufacturer Japfa recently piqued investor interest after private equity firm KKR invested US$81.2 million ($115.7 million) for a 10.4% stake in the group’s Indonesian-listed subsidiary PT Japfa Tbk.

SINGAPORE (Oct 28): DBS Group Research is maintaining its “buy” call Japfa with higher $1.18 target, encouraging investors to take advantage of the attractive valuations offered by the Indonesia-based supplier of animal protein.

SINGAPORE (Oct 27): Japfa, the Indonesia-based supplier of animal protein, saw a sixfold jump in 3Q earnings to US$48 million ($67 million) from US$8 million a year ago on higher sales and margins.  

SINGAPORE (Sept 30): Japfa’s shares have risen 72% since the start of the year as the group continues to strengthen both its upstream and downstream businesses to provide more stable margins for the group.