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Japfa cut to 'reduce' amid Swine Fever outbreak in Vietnam, lower poultry margins in Indonesia

Stanislaus Jude Chan
Stanislaus Jude Chan3/14/2019 04:16 PM GMT+08  • 2 min read
Japfa cut to 'reduce' amid Swine Fever outbreak in Vietnam, lower poultry margins in Indonesia
SINGAPORE (Mar 14): CGS-CIMB Research is downgrading Japfa to “reduce” from “add” previously, and cutting its target price by nearly a third to 63 cents.
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SINGAPORE (Mar 14): CGS-CIMB Research is downgrading Japfa to “reduce” from “add” previously, and cutting its target price by nearly a third to 63 cents.

“Our lower expectations for the Vietnam swine business, and the continued moderation in Indonesian poultry margins lower our FY19 and FY20F EPS forecasts by 1.4% and 5.9%, respectively,” analyst Cezzane See says in a Wednesday report.

Even though none of its swine farms have been impacted to date, Japfa is expected to be rocked by the outbreak of African Swine Fever in the north of Vietnam, which has spreading at a rapid pace.

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