Singapore Stock Market News
Japfa Ltd - Catching up
StockFanatic
Publish date: Tue, 03 Nov 2015, 01:04 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.
• 3Q15 core earnings of US$14.1m was above US$7.4-10.1m expected
• Stronger-than-expected Japfa Comfeed contribution on top of sequentially softer contributions from other segments
• FY15F/16F earnings raised by 25%/6%; as we impute better ASP except for China raw milk prices
• BUY call reiterated on 128% upside to revised TP of S$0.90 - as we roll forward base year to FY16F 3Q15 core earnings of US$14.1m was above US$7.4-10.1m
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