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Japfa nearly tripped up by milk and meat margin misses

Dannon Har
Dannon Har3/3/2017 12:41 PM GMT+08  • 2 min read
Japfa nearly tripped up by milk and meat margin misses
SINGAPORE (March 3): CIMB Research is keeping its “add” position on Japfa but lowering its target price to $1.41 from $1.53 previously due to poorer than expected 4Q16 core net profit.
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SINGAPORE (March 3): CIMB Research is keeping its “add” position on Japfa but lowering its target price to $1.41 from $1.53 previously due to poorer than expected 4Q16 core net profit.

(See also: Japfa full-year earnings up 84% to US$118.8 mil)

In a Thursday report, analyst Jonathan Seow says even though Japfa missed CIMB’s 4Q net profit estimates, decent FY16 performance, operational improvements and a favourable selling price environment kept the research house from downgrading its call.

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