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Home / Capital / Brokers Calls

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

Broker's Calls

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

Felicia Tan Published on Thu, Dec 10, 2020 / 10:36 AM GMT+8

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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

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