Latest Forum Topics / Japfa Last:0.59 -- |
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Japfa IPO 15 August
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blizzzz
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13-Aug-2022 21:36
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HKEX are kind of strange, sometimes you do see they allow some small companies which I had never even heard of the name to be listed in their HKEX exchange. Austasia Investment are owned by both Japfa and Meiji, both of these companies are quite well known in the food industry. But I wonder why HKEX are still not approving the Austasia Investment IPO on HKEX? |
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blizzzz
Member |
11-Aug-2022 15:52
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Japfa only chance to rise seems to be their news about their IPO in hongkong with austasia investment. With the IPO set to lapse on 29 sep, I must say time is running out for them soon. |
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Smarty
Master |
11-Aug-2022 14:37
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Last yr some anals put a TP @1.20-1.30 never crossed $1 now lowered TP to a pathetic 0.63-0.65 It is struggling to stay above 0.60   |
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angsua3761
Member |
11-Aug-2022 09:50
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wondering if something is brewing with the recent share buybacks
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blizzzz
Member |
11-Aug-2022 01:06
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It is starting to look bad for Japfa, their hongkong ipo will lapse on 29 sep, if it doesn' t get listed in hongkong ipo. Japfa share price will crash back to 0.5 range for sure. |
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easywin
Supreme |
10-Aug-2022 11:11
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Look like coming soon  | ||
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kiseki_2818
Master |
10-Aug-2022 11:05
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ok, ur chance will b coming again.
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Smarty
Master |
04-Aug-2022 10:35
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Patience running out on this LJ stock really regret I did not sell when it hit .70 plus few months back |
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Joelton
Supreme |
04-Aug-2022 09:38
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Hold' on to Japfa as weakness from Vietnam market, high feed costs persist
UOB Kay Hian (UOBKH) is keeping its &ldquo hold&rdquo recommendation on Japfa with a target price of 63 cents, following its recent 1HFY2022 ended June results announcement, which saw earnings came in 63% lower y-o-y at US$44.0 million ($60.8 million).
 
This was on the back of a 10% increase in revenue to US$2.5 billion, mainly driven by high poultry prices, and a 20% increase in cost of sales to US$2.1 billion. The higher increase in cost of sales was primarily due to higher costs for its farming operations, which eventually led to the drop in earnings.
 
While 1HFY2022 results came in rather lacklustre, the results were in line with UOBKH analyst John Cheong&rsquo s estimates. Core Patmi for the first half period came in 54% lower y-o-y at US$54 million, in-line with Cheong&rsquo s expectations, forming 52% of his full-year forecast.
 
He notes that the core Patmi weakened as higher feed raw material costs across all segments and African Swine Fever (ASF) in Vietnam challenged operations and tightened profitability.
 
Meanwhile, Japfa TBK, Japfa&rsquo s Indonesian business, declined marginally q-o-q but showed slight improvement in its Animal Protein &ndash Other (APO) segment. In 2QFY2022, Japfa TBK reported core Patmi of US$18 million (-25% y-o-y/-20% q-o-q).
 
See also: Market outlook in August to follow historical pattern of post-July slump: DBS
 
&ldquo Although Indonesia&rsquo s poultry average selling prices (ASPs) have increased, profitability still remains under pressure as high feed raw material costs resulted in increased production costs across the vertically integrated operations,&rdquo notes Cheong.
 
On the other hand, losses from the APO segment narrowed from a US$11 million loss in 1QFY2022 to a US$2 million loss in 2QFY2022 due to higher sales volume of poultry and recovery of poultry prices, but the swine business remains weak due to resurgence of ASF since 4QFY2021, with swine ASPs depressed by pre-emptive sales in the market.
 
Over in China, dairy revenue rose 14% y-o-y for 1HFY2022, driven by higher raw milk sales volumes, with the additional contribution from Farm 8 and the two recently-acquired farms in Shandong.
 
However, core Patmi for the dairy segment fell 49% y-o-y to US$22 million due to high feed costs, which resulted in increased production costs for both dairy and beef operations.
 
See also: UOB Kay Hian adds Sembcorp Industries and BRC Asia to its alpha picks portfolio, removes Keppel Corp and MM2
 
Overall, Cheong sees uncertainties in all of Japfa&rsquo s segments due to higher costs of raw materials and volatile ASPs.
 
For instance, in Vietnam, swine prices in 2022 and 2021 were lower compared to 2020 when the prices were exceptionally high due to supply shortage caused by ASF.
 
In addition, disruptions in global logistics translated into higher costs of raw materials which has led to high feed raw costs and resulted in increased production costs which may not be quickly passed on to the end-consumers.
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wehuattogether88
Supreme |
04-Aug-2022 09:16
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Also Share buyback yesterday.  
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wehuattogether88
Supreme |
04-Aug-2022 09:12
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Maybe becos of up coming listing in HK? | ||
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blizzzz
Member |
04-Aug-2022 01:26
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Maybe some good result soon on their hongkong IPO | ||
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wehuattogether88
Supreme |
03-Aug-2022 23:41
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Japfa did a share buy back today between price of 0.59 to 0.61.
About 1021.3 lots or 1021300 share being purchased today. |
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Smarty
Master |
03-Aug-2022 14:09
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Once in a while this jappy will chut pattern give u some short-lived rally excitement  then back to square one before you have time to shout huat arh |
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Smarty
Master |
03-Aug-2022 10:20
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Usual pattern after a strong rally on opening it fizzled out | ||
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blizzzz
Member |
03-Aug-2022 09:27
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I think their hongkong IPO result might be out soon? some BB maybe starting to buy in the shares with huge volume now. |
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muifan
Supreme |
03-Aug-2022 09:24
Yells: "Take the leap of faith dont regret 20 years later!" |
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Indons chicken coming... | ||
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Smarty
Master |
03-Aug-2022 09:22
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What happening so high volume? | ||
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Joelton
Supreme |
29-Jul-2022 09:03
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Japfa reports higher revenue but lower earnings for H1
AGRI-FOOD company Japfa : UD2 +4.35% on Thursday (Jul 28) reported a 10.4 per cent increase in 1H 2022 revenue to US$2.5 billion from US$2.3 billion a year ago.
 
However, net profit attributable to shareholders for the period fell 62.9 per cent to US$44 million from US$118.5 million in 1H 2021. Earnings were dragged by high feed raw material costs and the impact of Covid-19 at the beginning of 2022, with lower broiler prices in February 2022.
 
Operating profit for H1 fell 36.9 per cent to US$171 million from US$270.9 million in 1H 2021. Operating profit margin in H1 also dropped 5.2 percentage points to 6.8 per cent from 12 per cent in 1H 2021.
 
While uncertainties remain at a global level, we continue to focus on being one of the most efficient and lowest-cost producers in our domestic markets. This enables us to ride through major down-cycles, as we have successfully demonstrated in the past, and provide safe and affordable protein foods to consumers in Asia,&rdquo said Tan Yong Nang, chief executive officer of Japfa.
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eagleeyes1989
Master |
28-Jul-2022 20:54
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Japfa to ship live chickens to Singapore!!  https://www.theedgesingapore.com/capital/results/japfa-reports-higher-sales-lower-earnings-costs-jump everyone talking about net profit need to calm down. comparing financials to last years bumper year was always gonna look bad. some rationalization is required to fully understand the results.  on a quarterly basis, EBITDA is actually up 25%. a solid set of results for me, considering the tough environment. news of Japfa shipping chickens to Singapore is pretty big and sell side analysts will surely be picking up on that huat ahhhhhhhhhh |
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