, Singapore

Japfa’s segments to face uncertainties in higher costs and ASPs

The agri-food firm’s net PATMI declined 73.9%, on a yearly basis.

All sectors of SGX-listed Japfa will be hit by uncertainties of increasing costs and fluctuating average selling prices, said UOB Kay Hian.

A UOB Kay Hian brokerage report found that the firm’s core PATMI declined in 2022. It was impacted by “higher raw material costs, and the weak performance of swine in Animal Protein Other (APO) Vietnam, which recorded an operating loss.” 

Higher prices of swine in Vietnam continued in 2022 due to supply shortage caused by ASF. Broiler and day-old-chick prices are also volatile in Indonesia.

UOB Kay Hian also noted that there is lower-than-expected consumer demand driven by export oriented firms in Vietnam hit by slowdowns in Europe and US markets.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!