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Brokers' take
Add BT as a preferred sourcePublished Thu, Mar 14, 2019 · 09:50 PM
Japfa Limited | Reduce (downgraded) March 14 close: S$0.66 Target price: S$0.63 CGS-CIMB, March 13
At current valuations, we believe the market has priced in weaker Vietnam swine profits, mainly due to the potential impact of the African swine fever (ASF) outbreak in Vietnam.
Share price could re-rate till Q3 FY2019 on sustained Indonesia poultry margins ahead of the Lebaran season and the continual day old chick (DOC) supply shortage.
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