- We raised our FY24F/25F forecasts for Japfa (SGX:UD2) by 23%/3% respectively on the back of our higher earnings projections on its 55.4% Japfa Comfeed Tbk (Comfeed). Our Indonesia analyst raised his projections for Comfeed by 26%/4% for FY24F/25F, given expectations of higher feed margins led by lower corn input costs.
- - Read this at SGinvestors.io -
Equal Opportunity Offer at S$0.355.
- Separately, Japfa announced its intention to undertake off-market purchase of its shares at S$0.355 for up to 183.3mil shares (about 9% of its total existing outstanding shares) on the evening of 19 Aug 2024. This Equal Access Offer is extended to all Japfa's shareholders, and each is entitled to sell up to 9% of the total shares held by each. The shareholder is entitled to tender shares in excess of the entitlement if other shareholders do not accept their full offer of the entitlement.
- - Read this at SGinvestors.io -
- The shares purchased on this offer will be held by Japfa as Treasury Shares initially, and to be determined thereafter by the Board in the best interest of the company, and in compliance with regulatory requirements..
A support to share price and signal to market.
- Read more at SGinvestors.io.
