In today’s briefing:
- Japfa (JAP SP): Impressive Gain. But No Firm Offer
- Singapore Stocks that have booked YTD Net Inflows from Institutions & Retail
Japfa (JAP SP): Impressive Gain. But No Firm Offer
- Back in December 2022, agri-food play Japfa Ltd (JAP SP) spun-off its 62.5% stake in AustAsia Group (2425 HK), as discussed in Japfa Ltd: Trading Cheap After AustAsia In-Specie Distribution
- Last Friday, Bloomberg reported its key shareholder, Renaldo Santosa and his family, who collectively control ~75.5%, are considering taking Japfa private.
- The family acknowledges it has been approached by various financiers, investment banks, but nothing definitive has emerged. Still, Japfa is worth a revisit.
Singapore Stocks that have booked YTD Net Inflows from Institutions & Retail
- More than 250 Singapore-listed stocks have booked net institutional inflow over the past 10 weeks.
- The most traded of the 16 stocks includes three STI stocks, in addition to incoming STI constituent Frasers Centrepoint Trust.
- Of the 250 stocks that booked net institutional inflow, 16 stocks also booked net retail inflow, with seven of these 16 stocks maintaining market average daily turnover of at least S$100,000 over the past 10 weeks.
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