The Business Times
business-time-50
HOT STOCK

Japfa jumps 10.8% on plans to list separate China dairy unit

google-preferred-sourceAdd BT as a preferred source
Tan Nai Lun

Tan Nai Lun

Published Wed, Mar 30, 2022 · 09:50 PM
Price jump

Singapore

SHARES of Japfa jumped on Wednesday (Mar 30), after the agri-food company announced plans to list its China dairy unit in Hong Kong and distribute its entire shareholding in the company to its existing eligible shareholders.

Japfa ended the day S$0.07 or 10.8 per cent higher at S$0.72 after climbing as much as 13.1 per cent.

japfa

TRENDING NOW

This comes after a Citi note that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

DBS, OCBC and UOB shares hit all-time highs as sentiment improves

The eligible projects include Sun Group’s developments linked to the Asia-Pacific Economic Cooperation summit in Phu Quoc in 2027.

Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects

Recent cuts at e-commerce platforms such as Shopee is signalling shifting business priorities.

E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement

In hiring for AI-fluent users, companies will do well to better define and test applicants on their capacity for human oversight.

Employers want AI-fluent employees. Hiring them is the challenge

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More