Shares & Derivatives
ONE OVERSOLD SINGAPORE STOCK WITH A POSSIBLE 59% UPSIDE
By Singapore Stocks Investing (SSI)  •  April 24, 2017
Once trading at $1.06 per share in Feb 2017, just two months ago, Japfa Limited stock is currently trading at $0.63, a 37% down from this high in Feb 2017. Japfa is involved in the animal protein business. Japfa stock is currently oversold and the trend sets to be south for the stock with the stock price already below its 200-days moving average. What’s more, the stock went south by some 6.7% on 21 Apr 2017 and the RSI is already in oversold territory. DBS Research in an analyst report dated 21 Apr 2017 viewed the recent sell-down as excessive but maintains its BUY call on the stock. Based pm a SOTP valuations, the target price on Japfa is lowered from $1.25 to $1. But even with the new SOTP target price, I noted that there is a 59% potential upside for Japfa stock. Personally, analysts’ ......
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By Singapore Stocks Investing (SSI)
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