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Brilliant Performance Predicted, Check JPFA, CPIN, MAIN Stock Recommendations

ILLUSTRATION. One of the chicken farms PT Sierad Produce Farm Cimaung, Serang Banten. Brilliant Performance Predicted, Check JPFA, CPIN, MAIN Stock Recommendations.

Reporter: Ika Puspitasari | Editor: Novice Laoli

KONTAN.CO.ID –  JAKARTA. issuer poultry is expected to continue to record performance growth in line with the economic recovery and improvement in people’s purchasing power.

Director of PT Kanaka Hita Solvera, Daniel Agustinus, said the momentum ahead of Eid and the easing of PPKM levels and the change in status from pandemic to endemic could be a positive catalyst for the issuer sector. poultry. He estimates that the price of chicken and consumption of chicken meat will rise again as demand increases.

With the increase in the price of cooking oil and the increase in the price of basic necessities as well as the purchasing power of the people who have not recovered 100%, he sees that the public will tend to adjust their consumption patterns this year.

With the increasing price of beef, people will tend to change their consumption to chicken meat which is cheaper and this has the potential to increase the demand for chicken meat.

Also Read: Small Mid Caps Lagging Behind, Here’s Analyst Recommendations

However, Daniel revealed that this year is still quite challenging for animal feed issuers. Negative sentiment came from the increase in the price of raw materials used by the company for the production of animal feed such as corn and soybean meal.

The geopolitical conflict between Ukraine and Russia and the imbalance between supply and demand has made commodity prices soar, so that it will affect the increase in cost of goods which will depress company profits.

“In addition, the weakening of the rupiah can also be a negative catalyst considering that the majority of animal feed raw materials such as corn and soybeans are still imported,” he told Kontan, Sunday (17/4).

According to Daniel, the increase in commodity prices can be one of the factors that will hamper the performance of poultry issuers.

Daniel continued, one of the issuers that has the potential to continue its positive performance this year is PT Japfa Comfeed Indonesia Tbk (JPFA), last year JPFA earned a net profit of IDR 2.02 trillion, higher than the 2020 profit of IDR 920 billion.

Also Read: Drive 2022 Performance, Here’s Japfa Comfeed Indonesia (JPFA) Strategy

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