Japfa
FY 2018 500% GROWTH 90cents TARGET UOBKAYHIAN
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SGX listed Japfa Ltd owns 55.4% stake in PT Japfa Comfeed TBK.
PT Japfa Comfeed TBK last traded share price is 1200 IDR, or a market capitalisastion of 14.07Trillion IDR
14.07 Trillion IDR is equivalent to 1.2 billion SGD
1.2 billion SGD * 55.4% = 665 million SGD
Hence, SGX listed Japfa Ltd stake in PT Japfa Comfeed TBK is 665 million SGD.
FYI, SGX listed market capitalisation is 558 million SGD (based on last traded price of 27 cents). But its stake in one of its subsidiary is already worth more than its own market capitalisation!!!
Dont you think SGX listed Japfa Ltd is very undervalued ?
Buy and hold and wait for the offer... I expect the offer price from the controlling family to be at least 40 cents...
This was the story again & again come out from the analysts two yrs ago.. if believed will lose money again and again.
Japfa jumps on plans to list separate China dairy unit
SHARES of Japfa : UD2 +10.77% jumped in early trade 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.
At 9 am, the counter reached a high of S$0.735, up S$0.085 or 13.1 per cent.
No married deals were recorded, according to ShareInvestor data.
At 10.03 am, its shares had eased slightly to S$0.71, up S$0.06 or 9.2 per cent, with 10 million shares worth S$7.2 million changing hands.
In a bourse filing on Tuesday night, Japfa said it has applied to list its dairy unit in China, AustAsia Investment Holdings, on the mainboard of the Stock Exchange of Hong Kong.
As part of a capital reduction exercise related to the listing, Japfa is also proposing a distribution-in-specie of its entire shareholding in AustAsia, which will see eligible shareholders receiving AustAsia shares in proportion to their respective shareholdings in Japfa, with no cash outlay required from shareholders.
Japfa said the listing will unlock value for shareholders, by creating 2 separate businesses and providing each entity' s management the operational flexibility and the ability to concentrate on their respective core business.
The company will also be able to better focus its financial resources on its animal protein business without needing to plan for AustAsia' s funding requirements.
Meanwhile, the proposed distribution is expected to provide Japfa shareholders greater clarity on the respective value and business of its animal protein segment and AustAsia.
If the proposed distribution takes place, Japfa will cease to hold any AustAsia shares, and the latter will cease to be a subsidiary of the company.
In this volatile market, this is a good gems as it is kind of a consumer stock. People still need to eat regardless of Trade war or not. The price is moving although it is not as quick as Genting etc.
Japfa climbing up. Checked the volume last few days. On uptrend. Can consider to buy.
Last:0.65 Vol:2167k 
+0.01
i take analyst report with a pinch of salt
sell on optimistic report and buy on bad news
gd luck dyodd
Dont listen to UOB . I HATE UOB .
UOB dobt even know ANG MO FUNDS holding very very cheap base chips ?
LOL
NewBirdLeaning ( Date: 18-Oct-2018 12:27) Posted:
Support.
https://www.theedgesingapore.com/japfa-started-buy-expectations-over-500-y-o-y-net-profit-growth
SINGAPORE (Oct 17): UOB Kay Hian is initiating coverage on Japfa at &ldquo buy&rdquo with a target price of 90 cents or 12.2 times FY18F earnings, compared to 13.6 times by peers.
In a Wednesday report for the retail market, analyst John Cheong says the industrial agri-food company as a deeply undervalued stock on a strong turnaround path and expects FY18 net profit to increase by more than 500% y-o-y.
&ldquo 2017 saw a perfect storm with a weak poultry performance in Indonesia due to sluggish consumption and China&rsquo s ban on pork imports from Vietnam. The likelihood of multiple adverse factors across countries occurring simultaneously again seems remote,&rdquo says Cheong.
Cheong sees Japfa as a proxy to rising protein consumption from the growing global middle-class, as Japfa operates in some of the most populous emerging economies in Asia where meat consumption is still far below levels in developed markets and global averages.
In his view, the problem is that the market has yet to fully understand Japfa&rsquo s business model given its complexity with multiple proteins and countries, &ldquo thin&rdquo coverage as well as its short listing history.
&ldquo To better understand the business, we performed detailed studies on PT Japfa TBK, which contributes 69% of our 2018F profit forecast and has been listed on the IDX since 1989. Its financial performance for the past 15 years shows that the business is resilient,&rdquo says Cheong.
At the share price of 61 cents, Japfa is trading at 8.3 times FY18F P/E which represents a significant 39% discount to peers in the market, as well as a 17% discount to the group&rsquo s 52.4% owned subsidiary.
Cheong believes this valuation gap should narrow going forward, as concerns over the earnings drag from its other businesses eases as the group&rsquo s core profit grows back to 2015-16 levels after weak 2017 results.
&ldquo Japfa&rsquo s 52.4% stake in the IDX-listed PT Japfa TBK alone is equivalent to 93% market cap of Japfa. It implies that Japfa&rsquo s three other business segments, which could generate at least US$30m net profit per year for 2018-20, are trading at 1.9x 2018F P/E,&rdquo notes the analyst.
As at 2.36pm, shares in Japfa are trading 2.5 cents higher at 64 cents or 1.7 times FY18F book value.
johnng ( Date: 18-Oct-2018 11:21) Posted:
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Support.
https://www.theedgesingapore.com/japfa-started-buy-expectations-over-500-y-o-y-net-profit-growth
SINGAPORE (Oct 17): UOB Kay Hian is initiating coverage on Japfa at &ldquo buy&rdquo with a target price of 90 cents or 12.2 times FY18F earnings, compared to 13.6 times by peers.
In a Wednesday report for the retail market, analyst John Cheong says the industrial agri-food company as a deeply undervalued stock on a strong turnaround path and expects FY18 net profit to increase by more than 500% y-o-y.
&ldquo 2017 saw a perfect storm with a weak poultry performance in Indonesia due to sluggish consumption and China&rsquo s ban on pork imports from Vietnam. The likelihood of multiple adverse factors across countries occurring simultaneously again seems remote,&rdquo says Cheong.
Cheong sees Japfa as a proxy to rising protein consumption from the growing global middle-class, as Japfa operates in some of the most populous emerging economies in Asia where meat consumption is still far below levels in developed markets and global averages.
In his view, the problem is that the market has yet to fully understand Japfa&rsquo s business model given its complexity with multiple proteins and countries, &ldquo thin&rdquo coverage as well as its short listing history.
&ldquo To better understand the business, we performed detailed studies on PT Japfa TBK, which contributes 69% of our 2018F profit forecast and has been listed on the IDX since 1989. Its financial performance for the past 15 years shows that the business is resilient,&rdquo says Cheong.
At the share price of 61 cents, Japfa is trading at 8.3 times FY18F P/E which represents a significant 39% discount to peers in the market, as well as a 17% discount to the group&rsquo s 52.4% owned subsidiary.
Cheong believes this valuation gap should narrow going forward, as concerns over the earnings drag from its other businesses eases as the group&rsquo s core profit grows back to 2015-16 levels after weak 2017 results.
&ldquo Japfa&rsquo s 52.4% stake in the IDX-listed PT Japfa TBK alone is equivalent to 93% market cap of Japfa. It implies that Japfa&rsquo s three other business segments, which could generate at least US$30m net profit per year for 2018-20, are trading at 1.9x 2018F P/E,&rdquo notes the analyst.
As at 2.36pm, shares in Japfa are trading 2.5 cents higher at 64 cents or 1.7 times FY18F book value.
johnng ( Date: 18-Oct-2018 11:21) Posted:
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FY 2018 500% GROWTH 90cents TARGET UOBKAYHIAN
