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Rosy outlook ahead for Japan Foods following positive results

Samantha Chiew
Samantha Chiew5/10/2018 02:49 PM GMT+08  • 2 min read
Rosy outlook ahead for Japan Foods following positive results
SINGAPORE (May 10): RHB is maintaining its “buy” call on Japan Foods Holdings with an estimate fair price of 63 cents.
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SINGAPORE (May 10): RHB is maintaining its “buy” call on Japan Foods Holdings with an estimate fair price of 63 cents.

This came on the back of the group this morning announced that its 4Q earnings have surged 68% to $0.9 million, compared to $0.56 million in 4Q17, bringing FY18 earnings to $5.78 million, 24.0% higher than $4.66 million in FY17.

Revenue for 4Q18 came in at $16.2 million, 6.5% higher than $15.2 million last year, while FY18 revenue came in 3.6% higher y-o-y at $67.8 million.

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