Japan Foods Holdings rated 'buy' by CIMB

Stock Name: JapanFood
Company Name: JAPAN FOODS HOLDING LTD.

Research House: CIMB

Price Call: BUY

Target Price: 0.32

CIMB in an Apr 11 research report says: "Japan Foods has entered into a Production License Agreement with Shigemitsu Industry for the production of noodles to be used at its restaurants operated under the Shigemitsu Industry trademark. The Group has also negotiated for the exclusive rights to produce and sell Shigemitsu noodles in Singapore, Indonesia, Malaysia and Vietnam.

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