SGX:5JSFood
Indofood Agri Resources (SGX:5JS) Stock Lags Even As Margins Hold Firm
Indofood Agri Resources went into this earnings print priced like a value trap, with the stock stuck around SGD0.355 and down over the past quarter, yet the latest numbers tell a different story. Headline earnings over the last twelve months rose solidly and came with a 6.5% net profit margin, slightly higher than a year ago. For a plantation and food group where margins are usually the first place stress shows up, that small improvement is the key surprise.
The full set of H1 figures will...