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Bought some yesterday @.355/.36 then fantastic results announced after mkt closed
Q to sell .39/.40 got done at .415 on opening!
Q to sell .39/.40 got done at .415 on opening!
Japfa swings into the black with US$87.5 million net profit, declares one-off S$0.01 dividend per share
This comes on the back of improved contributions from its Indonesian unit and its &lsquo animal protein other&rsquo segment in Vietnam
JAPFA swung into the black with a net profit of US$87.5 million for its first nine months ended Sep 30, 2024, compared with a net loss of US$22.7 million in the same period a year earlier.
This was mainly due to improved contributions from its Indonesian unit and its &ldquo animal protein other&rdquo segment in Vietnam, the agri-food company said in a regulatory filing on Monday (Oct 28).
Core net profit without forex &ndash which excludes changes in the fair value of biological assets and derivatives, extraordinary items as well as foreign exchange gains and losses before tax &ndash also rose to US$90.5 million, from a loss of US$17 million in the same period last year.
Earnings per share stood at 4.30 US cents for the nine months, up from a loss of 1.11 US cents in the previous year.
Revenue for the period rose 3.7 per cent to US$3.4 billion, from US$3.3 billion a year earlier, amid substantial year-on-year improvements driven by higher sales volumes and prices, as well as lower costs.
Profit was mainly driven by steady feed margins across its major markets, and higher margins in its &ldquo day-old chicks&rdquo and broiler segments in Indonesia due to lower feed costs, the company said.
It also saw higher swine volumes and prices, as well as lower production costs in poultry and swine operations in Vietnam, it added.
A one-off interim dividend of one Singapore cent per share was declared for the period, on the back of a solid performance in its major markets, said Tan Yong Nang, chief executive officer of Japfa.
Tan noted: &ldquo After the challenging last two years, we are pleased that our profitability has improved since the beginning of 2024.&rdquo
He added: &ldquo Our strong nine-month performance sets a solid foundation as we approach the end of the year.&rdquo
DBS Research
Japfa (Maintain BUY, TP under review)- Blowout 3Q24 results
3Q24 topline revenue at USD1.2bn (-1% y/y) and core PATMI at USD36mn (up 20% y/y) declared one-off interim dividend of 1 Sct
Blowout quarter with 9M24 revenue and earnings forming 79% and 109% of our respective FY24F estimates
Strong 3Q24 y/y performance largely driven by continued turnaround in Vietnam business on higher swine fattening volumes, higher swine selling prices and lower operational costs
Expect continued strong performance in Vietnam given long swine breeding period and we remain watchful of Prabowo&rsquo s free lunch program in Indonesia
Japfa (Maintain BUY, TP under review)- Blowout 3Q24 results
3Q24 topline revenue at USD1.2bn (-1% y/y) and core PATMI at USD36mn (up 20% y/y) declared one-off interim dividend of 1 Sct
Blowout quarter with 9M24 revenue and earnings forming 79% and 109% of our respective FY24F estimates
Strong 3Q24 y/y performance largely driven by continued turnaround in Vietnam business on higher swine fattening volumes, higher swine selling prices and lower operational costs
Expect continued strong performance in Vietnam given long swine breeding period and we remain watchful of Prabowo&rsquo s free lunch program in Indonesia
| ozone2002 ( Date: 29-Oct-2024 07:53) Posted: |
Was in Q to buy 395, but selling slow down
Bought 40 straight away instead
Go BF liao
BTW, Japfa Indo hit 3 year high liao
Please do your own DD
Bought 40 straight away instead
Go BF liao
BTW, Japfa Indo hit 3 year high liao
Please do your own DD
Very usual for the stock to be sold down to 0.355 a day before announcing stunning results
Analysts briefing this morning
Info only
BTW, there' s interm dividend announced, a deviation from recent past years
Info only
BTW, there' s interm dividend announced, a deviation from recent past years
Powerful results
https://www.theedgesingapore.com/capital/results/japfa-records-9mfy2024-patmi-us875-mil-reversing-loss-9mfy2023
https://www.theedgesingapore.com/capital/results/japfa-records-9mfy2024-patmi-us875-mil-reversing-loss-9mfy2023
Japfa reported financial results for 3Q
I think Japfa follows recent 2 days of strong performance by HkSE subsidary AustAsia Group.
Maybe S$0.40 might be true.
Maybe S$0.40 might be true.
Me too I rejected
i believe it can above 0.40
i believe it can above 0.40
What is going now? So strong? I have rejected the offer of so call equal access share buy back.
Smarty ( Date: 01-Oct-2024 11:22) Posted:
|
Finally taking off
This joker stuck @.345/.35
not taking up their offer to buy back 9% of holding @.355
not taking up their offer to buy back 9% of holding @.355
Well, Food Umpire went from 0.45 to 1.40
and if when Ukraine war is raging and Russia under sanction
whether Jappy can cheong like FE only god knows
and if when Ukraine war is raging and Russia under sanction
whether Jappy can cheong like FE only god knows
0.52🤔 🤔 🤔 🤔 🤔 妙 想 天 開 😇 😇
According to anals worth 0.52
0.355 is good price or waiting up???
100, 200 shares trades
joker stock
pre-matching prices also fake
pui
joker stock
pre-matching prices also fake
pui
CWhat DBS never tell is there will be FOREX loss ...IDR, VND, MMK, BDT at lowest against greenback and SGD
https://www.theedgesingapore.com/capital/brokers-calls/dbs-raises-target-price-japfa-higher-earnings-projections-its-indonesia
DBS raises target price for Japfa on higher earnings projections for its Indonesia operations
, after higher earnings projections on Japfa?s Comfeed was announced.
Chee Zheng Feng and Andy Sim from DBS say that the agri-food company has ?more legs to run?, and have raised their target price to 49 cents from 45 cents previously.
According to the analysts? report on Aug 22, Japfa?s operations which are in emerging markets such as Indonesia, Vietnam, Myanmar, India and Bangladesh, has leading positions in day-old chicks (DOC), and poultry feed.
In Indonesia, DBS?s analyst has raised projections for Japfa?s Comfeed, given expectations of higher feed margins led by lower corn input costs.
The DBS analyst in Indonesia believes that the market has been overly concerned about the potential losses in 3Q2024, from the recent drop in broiler and DOC prices which are attributable to reduced demand during the Suro Month and Eid Al Adha. These are periods typically characterised by lower chicken consumption.
Separately, Chee and Sim say that Japfa has announced its intention to undertake off-market purchase of its shares, which will offer shareholders an alternative to release a portion of its shareholding at a small premium to the current market traded value.
Japfa?s equal opportunity offer was announced on Aug 19, in which it announced an off-market purchase of its shares at 35.5 cents for up to 183.3 million shares, or about 9% of its total existing outstanding shares.
?The offer price would likely provide a strong support to share price, and a signal to the market of the board?s and management?s confidence,? the analysts say. ?That said, we believe acceptance may likely be low given the potential for further upside. We believe that the market has yet to price in the recovery in its Vietnam operations, and the value of its Japfa Comfeed stake.?
They note that the about 30% increase in Vietnam swine prices since the start of 2024 is sustainable as the supply situation has stabilised, while input costs have also moderated, providing a further upside for Japfa.
To that end, the analysts remain positive on the counter and believe that there are potential upsides on the back of continued improvement in operations in Japfa?s Indonesia and Vietnam arms.
?With its strong showing of 1HFY2024 in both Comfeed and a turnaround in its Vietnam operations, share price has yet to fully reflect the same,? the analysts say. ?In Indonesia, our Japfa Comfeed forecasts are about 20% above consensus? estimates, which our analyst believes will be adjusted upwards as the market recognises the improvement in feed margins.?
They raise their sum of the parts-target price to 49 cents on the back of higher valuation for Comfeed. They note that Japfa valuation remains attractive at under 5 times ev/ebitda and under 7 times FY2024 P/E, while downside looks limited in the near term with the equal opportunity offer of 35.5 cents.
As at 2.58pm, shares in Japfa are trading flat at 34.5 cents.
DBS raises target price for Japfa on higher earnings projections for its Indonesia operations
, after higher earnings projections on Japfa?s Comfeed was announced.
Chee Zheng Feng and Andy Sim from DBS say that the agri-food company has ?more legs to run?, and have raised their target price to 49 cents from 45 cents previously.
According to the analysts? report on Aug 22, Japfa?s operations which are in emerging markets such as Indonesia, Vietnam, Myanmar, India and Bangladesh, has leading positions in day-old chicks (DOC), and poultry feed.
In Indonesia, DBS?s analyst has raised projections for Japfa?s Comfeed, given expectations of higher feed margins led by lower corn input costs.
The DBS analyst in Indonesia believes that the market has been overly concerned about the potential losses in 3Q2024, from the recent drop in broiler and DOC prices which are attributable to reduced demand during the Suro Month and Eid Al Adha. These are periods typically characterised by lower chicken consumption.
Separately, Chee and Sim say that Japfa has announced its intention to undertake off-market purchase of its shares, which will offer shareholders an alternative to release a portion of its shareholding at a small premium to the current market traded value.
Japfa?s equal opportunity offer was announced on Aug 19, in which it announced an off-market purchase of its shares at 35.5 cents for up to 183.3 million shares, or about 9% of its total existing outstanding shares.
?The offer price would likely provide a strong support to share price, and a signal to the market of the board?s and management?s confidence,? the analysts say. ?That said, we believe acceptance may likely be low given the potential for further upside. We believe that the market has yet to price in the recovery in its Vietnam operations, and the value of its Japfa Comfeed stake.?
They note that the about 30% increase in Vietnam swine prices since the start of 2024 is sustainable as the supply situation has stabilised, while input costs have also moderated, providing a further upside for Japfa.
To that end, the analysts remain positive on the counter and believe that there are potential upsides on the back of continued improvement in operations in Japfa?s Indonesia and Vietnam arms.
?With its strong showing of 1HFY2024 in both Comfeed and a turnaround in its Vietnam operations, share price has yet to fully reflect the same,? the analysts say. ?In Indonesia, our Japfa Comfeed forecasts are about 20% above consensus? estimates, which our analyst believes will be adjusted upwards as the market recognises the improvement in feed margins.?
They raise their sum of the parts-target price to 49 cents on the back of higher valuation for Comfeed. They note that Japfa valuation remains attractive at under 5 times ev/ebitda and under 7 times FY2024 P/E, while downside looks limited in the near term with the equal opportunity offer of 35.5 cents.
As at 2.58pm, shares in Japfa are trading flat at 34.5 cents.