[New post] CIMB: Japfa Ltd

alanyeo posted: " Strong volumes stave off margin pressures■ Volumes across all business segments grew yoy and qoq, contributing toimproved sales turnovers.■ Higher operating costs and normalised ASPs dampened profitability, butlower margins were within our expectations.■" Respond to this post by replying above this line New post on Alpha Edge Investing CIMB: Japfa Ltd by alanyeo Strong volumes stave off margin pressures■ Volumes across all business segments grew yoy and qoq, contributing toimproved sales turnovers.■ Higher operating costs and normalised ASPs dampened profitability, butlower margins were within our expectations.■ We maintain our FY21F-FY23F forecasts and reiterate Add with a lower TP ofS$1.06, based on 10x FY22F EPS. Read more of this post alanyeo | August 2, 2021 at 12:37 pm | Categories: Equities - Research Reports by Brokers/ Banks | URL: https://wp.me/p7fA1-2kr Comment    See all comments    Like Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://alphaedgeinvesting.com/2021/08/02/cimb-japfa-ltd-2/ Thanks for flying with WordPress.com