$JAPFA LTD.(UD2.SI)$...good level to accumulate for a recovery?
I think so.
Good agri and food company, staple consumer goods, defensive...and its China dairy farm business is in IPO process, to be listed in HKEX.
Close to 52W low...supported both fundamentally and technically.
Also $THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$...in the process of IPO-ing its BeerCo in SGX.
Again close to 52W low.
Why? I'm not sure. I see good room to rise.
What do you see?
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My notes on $JAPFA LTD.(UD2.SI)$ and $THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$ in the late part of July.
What has changed so far?
Japfa has reported a lacklustre 1H22 with elevated costs. Nevertheless its share price has been stabilised recently due to company share buyback.
For ThaiBev, it has reported a resilient 1H22 with good improvement in beer and food segments. However, ThaiBev's BeerCo IPO has been suspended, again, quoting unfavourable market conditions. A big disappointment.
So still there around the bottom. Are they good value counters, or value traps?