Analysts from CGS-CIMB and DBS Group Research have maintained their “buy” or “add” calls on Japfa after a better-than-expected 3Q20 showing. 

Japfa reported a strong set of 3QFY2020 results with net profit at US$53.1 million ($72.5 million), a jump of 452% y-o-y. This leads to 9MFY2020 attributable profit of US$130 million, which is up almost 5x from US$22.4 million last year, 

See also: Japfa reports six-fold surge in 1H20 earnings to US$76.8 mil despite decline in revenue

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