Japfa - 2022 Results Below Expectations; Uncertainties Remain
JAPFA LTD. (SGX:UD2)
- Japfa’s 2022 core net PATMI of US$34.6m (-73.9% y-o-y) was below expectations, forming 45% of our full-year forecast.
- 4Q22 core PATMI fell by 81% q-o-q to US$1.9m as high feed costs affected Indonesia poultry, while Vietnam operations still face weaknesses as ASF continues to plague the livestock industry. Japfa continues to see near-term challenges for both segments.
- Read this at SGinvestors.io -
Japfa's 2022 results below expectations.
- Japfa (SGX:UD2)’s 2022 core net profit of US$34.6m (-73.9% y-o-y) was below our expectations, forming 45% of our full-year estimates. Revenue rose 7% y-o-y to US$4.4b, driven by higher feed raw material costs.
- Read this at SGinvestors.io -
Second quarter of decline in Japfa TBK’s core PATMI, increased APO losses.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
John Cheong UOB Kay Hian Research | Heidi Mo UOB Kay Hian | https://research.uobkayhian.com/ 2023-03-07
Previous report by UOB:
2022-11-02 Japfa - 9M22 Results Below Expectations; Weakness Across All Sectors.
Price targets by other brokers at Japfa Target Prices.
Listing of research reports at Japfa Analyst Reports.
Relevant links:
Japfa Share Price History,
Japfa Announcements,
Japfa Dividends & Corporate Actions,
Japfa News Articles
