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Analysts see Japfa as 'milking its assets well and lactating cash' following divestment

Felicia Tan
Felicia Tan12/10/2020 10:36 AM GMT+08  • 3 min read
Analysts see Japfa as 'milking its assets well and lactating cash' following divestment
Analysts from DBS and CGS-CIMB have maintained their "add" or "buy" calls on the counter.
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Analysts from CGS-CIMB Research and DBS Group Research have advised investors to accumulate shares in Japfa after it divested its shares in Greenfields Dairy Singapore for a consideration of US$295 million ($393.9 million).


See: Japfa disposes 80% stake in Greenfields Dairy for $393.9 mil

The consideration comprises of a cash component of US$236 million and shares amounting to a 20% stake in Freshness Limited (the JVCo).

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