Japfa Comfeed predicted to post good Q4 performance

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Japfa Comfeed Indonesia is likely to post good financial results in Q4 on the back of increasing chicken meat consumption. Jonathan Guyadi, Analyst at Panin Sekuritas, said chicken demand would rise during the period due to economic recovery and Christmas and New Year festivals. This would boost sales of Japfa Comfeed’s DOC and chickens. The government’s culling program (broiler PS and hatching eggs) in October and November is also expected to keep prices of DOC and live birds stable during the period, he said.