Singapore Stock Market News

Japfa Ltd - Normalising Growth

StockFanatic
Publish date: Wed, 28 Oct 2015, 12:30 PM
StockFanatic
0 10,452
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.

Better 3Q15 EBITDA expected
We believe the steep share price correction YTD has more than priced-in Day Old Chicks (DOC) oversupply in Indonesia and softer raw milk prices in China. We expect Japfa's 3Q15 earnings to show a sequential improvement, given higher feed prices and relatively resilient broiler and DOC prices despite steeper translation FX losses from subsidiary Japfa Comfeed's US$225m bonds. We expect 3Q15 EBITDA to come in between US$70.9-76.0m (+20-28% y-o-y) and earnings (ex. fair value changes in biological assets) of US$7.4-10.1m (16-38% lower y-o-y).
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment