CGS-CIMB upgrades Japfa to 'add' on listing of China dairy unit
Add BT as a preferred source
Singapore
CGS-CIMB has upgraded Japfa to "add" from "hold", as the planned listing of its China dairy unit could realise a valuation of up to US$730 million for the agri-food company's shareholders.
In a report on Thursday (Mar 31), analyst Tay Wee Kuang also estimates that Japfa's share price could hit S$0.81, which represents a potential upside of 12.5 per cent from its Wednesday closing price of S$0.72.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
