Japfa kept at 'buy' with 80 cents target price by DBS Vickers

Stock Name: Japfa
Company Name: JAPFA LTD.

Research House: DBS Vickers

Price Call: BUY

Target Price: 0.80

SINGAPORE (Feb 3): DBS Vickers is maintaining its "buy" call on Japfa with a higher target price of 80 cents.

In a Feb 2 report, analyst Ben Santoso says Japfa's acquisition of the remaining 15% of Japfa Comfeed Myamar should boost its earnings growth in future. More importantly, prices of day-old broiler chicks in Indonesia have recovered.