JAPFA

Broker's Digest: Japfa, Cromwell European REIT, FEHT, Mapletree Industrial Trust, Micro-Mechanics, Venture Corp - THE EDGE SINGAPORE

Broker's Calls

Broker's Digest: Japfa, Cromwell European REIT, FEHT, Mapletree Industrial Trust, Micro-Mechanics, Venture Corp

Japfa
Price target:
CGS-CIMB “add” $1.22
UOB Kay Hian “buy” $1.17

Spreading its eggs in several baskets

Japfa a 'buy' as it spreads its eggs in several baskets - THE EDGE SINGAPORE

Broker's Calls

Japfa a 'buy' as it spreads its eggs in several baskets

Analysts are upbeat on Japfa following its 1QFY2021 ended March results, which saw a 37% y-o-y increase in earnings to US$35.5 million, due to growth across all segments.

Results

Japfa posts 37% higher earnings of US$48.5 mil for 1Q21

Japfa has posted earnings of US$48.5 million ($64.4 million) for the 1QFY2021 ended March, 37% higher than earnings of US$35.5 million for the year before.

AGRICULTURE/HOTELS/RESTAURANTS

Green shoots emerging from the ashes of Covid-19 in palm oil sector

It has been a topsy-turvy 2020 for palm oil stocks.

Broker's Calls

955 Brokers' Digest

Kimly
Price target:
UOB Kay Hian “buy” 36 cents
RHB Group Research “buy” 32 cents

Higher swine and milk prices to help Japfa mitigate weak poultry business - THE EDGE SINGAPORE

Broker's Calls

Higher swine and milk prices to help Japfa mitigate weak poultry business

CGS-CIMB Research is keeping its “add” recommendation on Japfa with a target price of 96 cents.                                                                                            

Company in the news

Japfa weighs selling Indonesian dairy unit Greenfields

Japfa Ltd. is weighing a sale of its Indonesian dairy unit and could seek as much as US$500 million ($684.56 million) from the deal, according to people with knowledge of the matter.

Broker's Calls

Analysts favour Japfa for its strong 1H20 earnings

Japfa’s strong bottom line in 1H FY20 has led analysts to keep their optimism on the agricultural producer.

Broker's Calls

Consumer staples to recover after harrowing second quarter, say DBS analysts

SINGAPORE (10 June): ASEAN consumer staple markets have been hard hit by the Covid-19 pandemic so far, with analysts expecting 2Q20 to be a particularly difficult time for investors.

AGRICULTURE/HOTELS/RESTAURANTS

Japfa’s Tan unfazed by Covid-19 as demand stays resilient for consumer staples

SINGAPORE (Apr 30): Japfa CEO Tan Yong Nang was sanguine when he heard about the Covid-19 outbreak.

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