Singapore Stock Market News
Japfa Ltd - Oversold
StockFanatic
Publish date: Thu, 30 Jul 2015, 01:07 PM
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
■ The drop y-o-y was driven by losses in its Indonesia DOC breeding segment, FX losses and absence of a oneoff gain booked in 2Q14
■ Forecasts unchanged; as we believe Japfa should still meet our FY earnings estimates
■ Rating upgraded to BUY; we believe recent sell-off was unjustified
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