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Post-IPO Japfa is not confidence-inspiring

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When Indonesia agri-food company Japfa Ltd listed in Singapore in August, it was widely touted as a triumph for the local initial public offering (IPO) market.

WHEN Indonesia agri-food company Japfa Ltd listed in Singapore in August, it was widely touted as a triumph for the local initial public offering (IPO) market. With a market capitalisation of just over S$1 billion, Japfa was seen as an institutional stock that offered exposure to the fast-...

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