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.

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