Japfa gears business strategy toward overcoming impacts of pandemic

first_img“[The approval] gives the company the flexibility to move if the internal and equity market situations are favorable,” a statement from the company read.In addition, Japfa is pursuing a hedging strategy in relation to its dollar-denominated bonds and, for the next two to three months, hedging foreign currency payment obligations in relation to raw material purchases for its animal feed production. Hedging is essentially a risk management strategy. Japfa’s total liabilities soared more than 17 percent yoy in the first three months to Rp 16.09 trillion (US$1.13 billion). Its net assets value stood at Rp 27.64 trillion, increasing almost 10 percent annually.The company said it would continue to educate its farmer partners on production quality enhancement and competitiveness skills as part of its business strategy. Throughout last year, Japfa also expanded its operational networks to increase proximity with its partners. “To meet the market’s demands, both domestic and foreign, Japfa will continue to increase its productivity, including by developing our human resources so they progress and develop as the company grows,” Japfa vice president director Bambang Budi Hendarto said in a statement on Thursday.Japfa is currently the country’s second biggest producer of animal feed and day-old-chicks (DOC). It booked Rp 9.08 trillion in net revenue during this year’s first quarter, an increase of 6 percent year-on-year (yoy). Its net profit, however, jumped more than 10 percent annually to Rp 343.88 billion.The shareholders meeting also decided to disburse around Rp 234.53 billion in dividends to its shareholders, the company’s spokesperson told The Jakarta Post after the meeting concluded. The dividends are equal to 13.29 percent of the company’s 2019 net profit of Rp 1.77 trillion. Its net profit last year was 22.82 percent less than the Rp 2.17 trillion it booked it 2018. The company booked an 8 percent increase in net sales to Rp 36.74 trillion in 2019 from Rp 34.01 trillion a year earlier, driven by a rise in sales volume across the board despite a depressed sell prices of live birds. “The biggest contribution came from the animal feed business segment,” Bambang said. Throughout the past month, Japfa’s shares, traded on the Indonesia Stock Exchange (IDX) under the code JPFA, have rallied 41.11 percent. The stocks rose 0.79 percent to Rp 1,280 apiece as of 1:40 p.m. Jakarta time on Friday, as the main gauge, the Jakarta Composite Index (JCI), climbed 0.5 percent.“To anticipate any worsening in the economy given the prolonged COVID-19 outbreak in Indonesia, the management froze non-essential new capex,” Mirae Asset Sekuritas Indonesia analyst Emma A Fauni wrote in a research report published on May 20. She also lauded the company’s plans to conduct rights issue and share buybacks.“Japfa is one of our preferred picks in the [basic industry] sector considering its good earnings quality and the 69 percent discount price to earnings (P/E) to [rival] Charoen Pokphand,” she wrote.Topics : Publicly listed poultry company PT Japfa Comfeed Indonesia is gearing its business strategy toward overcoming the impacts of the COVID-19 pandemic on the economy.In addition to working to improve the efficiency of its production and internal operations, it will also continue to focus on its core business, as it sees the low-level of animal protein consumption in Indonesia as an opportunity to improve its business performance, the company wrote in its 2019 annual report. The company’s general shareholders meeting on Thursday also approved rights issue and share buyback plans.last_img read more

Doctors: Children Developing Rare Syndrome after COVID-19 Infection

first_imgCOVID-19 was thought to have little effect on children. But according to doctors in New York City, 15 children have been hospitalized for a rare but serious disorder after contracting the coronavirus. The New York City Department of Health issuing a warning for doctors to be on the lookout for this serious syndrome, first reported lat month in Europe.Doctors say the children first showed symptoms including fever, rash and stomach illness, similar to a rare condition called Kawasaki Disease, which causes the inflammation of blood vessels and can lead to heart problems.As a result, The World Health Organization is investigating whether the coronavirus causes some children to develop a rare inflammatory disease, WHO officials said Wednesday.Health officials in the U.K. warned doctors over the weekend that Covid-19 could be causing a rare inflammatory condition in children. Britain’s Pediatric Intensive Care Society said Monday the National Health Service alerted it to a small number of critically ill children presenting with “an unusual clinical picture.” The society noted that many of the children with symptoms of the new inflammatory disease had been diagnosed with Covid-19. The condition was likened to toxic shock syndrome and Kawasaki disease.“We are aware of this report which came out of the United Kingdom about a small number of cases amongst children with this inflammatory response,” WHO’s lead scientist on Covid-19, Dr. Maria Van Kerkhove, said Wednesday. “We’re looking at this with our clinical network.”It remains unclear what the relationship is between Covid-19 and the inflammatory conditions, but Chris Whitty, England’s chief medical officer, told reporters Monday it is “entirely plausible” that Covid-19 causes the illness.“There are some recent rare descriptions of children in some European countries that have had this inflammatory syndrome, which is similar to the Kawasaki syndrome,” Van Kerkhove said. “But it seems to be very rare.”last_img read more

SPSCC History Instructor Shares Bits Of Historic ‘Tid’

first_imgSubmitted by Don TrosperI’m not sure what a ‘Tid’ is, but I have heard of ‘Tidbits.’  In my years of making local history a fulfilling hobby I’ve discovered many unique stories and interesting tidbits about historic people throughout southwest Washington.  Let me highlight just a few of these ‘bits’ just to tease you, and perhaps entice you to consider making local history your hobby too.I suppose I should first mention my road.  Trosper Road in Tumwater is named for my great grandfather who brought his family here from Kansas in 1892.  They bought 60 acres from our uncle, Jesse Ferguson, who was a member of the Simmons/Bush party that founded Tumwater in 1845, the first permanent American community north of the Columbia.  We still live on that property and have some Northern Spy apple trees still barely surviving that uncle Jesse planted more than 150 years ago.Speaking of Tumwater, did you know that one of the reasons for the forming of our state of Washington and the early settlement of towns like Tumwater and Centralia was the fact of racism in the Willamette Valley in Oregon?  Two primary early settlers were men of color, George Bush of the Tumwater area and George Washington of Centralia.  They were not allowed to settle on the south, or American side of the Columbia and so moved north to the British side of the river.  That led to the eventual formation of Washington.Don Trosper will be teaching a history community education course at SPSCC this fall.Did you know that Tumwater is five years older than Olympia?  Their proposed original names did not stick. Simmons wanted to name his little town “New Market,” but the early townsfolk instead used an Americanized name of Chinook jargon “Tum chuck”, which means noisy water, hence the name Tumwater.  Olympia was going to be called Smithfield for co-founder Levi Lathrop Smith, but after he died while having an epileptic fit while on a canoe on the Sound, his partner Edmund Sylvester laid out a town and named it for the beautiful backdrop of the Olympic Mountains. He called it Olympia.Oh there are so many great stories throughout our area, enough for a lifetime of research.  I think of how Grand Mound was actually named for a big mound or hill on the prairie not far from today’s Great Wolf Lodge, or how there are conflicting stories of how Maytown got its name, my favorite being that it was named by a former British sailor Joseph Shelley who laid out a proposed town and said that it may become a town or it may not, “so I’ll call it Maytown.”I love the stories of the many one-room schoolhouses throughout the area, the forts and blockhouses that protected early settlers during the two year period of tribal uprisings, the many railroads that not only connected towns but also wound their way through the hills for logging purposes.I haven’t even begun to mention all the wonderful ‘tidbits’ I’ve learned about Lewis, Grays Harbor and Pacific Counties.If you’d like to know more you might want to consider signing up for my “History of SW Washington” series of non-credit classes I’ll be teaching again this fall at SPSCC on Monday evenings at the main campus from September 16 through November 4.  Class information can be found on the South Puget Sound Community College website focused on Community Education courses.  Click on Writing or Washington State to find the course.I hope you’ll join me as we talk over old times and obtain more ‘bits of tid.’ Facebook40Tweet0Pin0last_img read more

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