Thursday, July 6, 2017

AN ANALYST: THIS SINGAPORE STOCK HAS POTENTIAL OVER 30% RETURN

Japfa stock
In a DBS research note dated 4 Jul 2017, a stock has been given a target price of $0.88 versus the current $0.665 price the stock closed yesterday. This means a potential price upside of over 30%. What is the name of this stock? Well, it is Japfa stock.
If you could recall my earlier post (you can read the post here)Japfa stock is one of the stocks which I am closely tracking, having chosen the stock due to the good technical charts I have noted. The research note from DBS further updated me with the fundamental reasons where DBS is bullish on this stock.

Among the key reasons given in the research report is a more stable outlook for poultry in Indonesia and that its view of a share price drop year-to-date been excessive. DBS’ research report was in fact an upgrade of its forecast from a target price of $0.84 to $0.88.

Yes, I have bought into Japfa stock but that was when I first noticed the technical setup. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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