Japfa - UOB Kay Hian 2023-03-07: 2022 Results Below Expectations; Uncertainties Remain

• 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 an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

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 Dividend Payout Dates & Corporate Actions,
Japfa News