SINGAPORE (Nov 1): UOB KayHian is maintaining Japfa at “buy” after 3Q18 core net profit beat its Street-high 2018 forecast significantly with 9M18 net profit meting 95% of its and 105% of consensus 2018 forecasts.

Japfa’s core 3Q18 net profit soared 141% from a year ago to strong performances in three key segments: Vietnam swine business under its Animal Protein Other (APO) segment; Indonesia poultry and dairy.

Japfa reports near fivefold surge in 3Q earnings to US$14.3 mil on stronger performance across most segments

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