Japfa started at 'outperform' by Stanchart with 95 cents price target

Stock Name: Japfa
Company Name: JAPFA LTD.

Research House: StanChart

Price Call: BUY

Target Price: 0.95

SINGAPORE (Oct 21): Standard Chartered is initiating coverage on Japfa Ltd with an "outperform" call and a target price of 95 cents.

Stanchart likes Japfa because it is a "rare proxy for Asia's protein boom", it says in an Oct 20 report.

Japfa operates in Indonesia, China, India, Myanmar and Vietnam across various stages in the agri-food value chain, including animal feed production, animal breeding, livestock fattening and consumer food.

Its animal protein business segments include chicken, pork and beef.