“[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.
Late last month, social media platform Yik Yak announced its intent to start including pictures along with posts. Yik Yak, an anonymous bulletin board, has invited controversy since its inception due to many reports of cyberbullying and offensive language. Though the public should allow time for the company to shed its negative image and adopt an inclusive identity, this new feature fails to move Yik Yak forward and ultimately creates a more derisive environment.Unlike its counterpart, Whisper, which allows users to post completely anonymously from anywhere in the world, Yik Yak provides a more personal atmosphere due to posts that can only be viewed within a 1.5-mile radius. Because of this, the app is popular in communities, especially college campuses, with users validating each post with an up or down vote. According to CEO Tyler Droll, it is the college students who often engage in discussion and debate over campus topics that have requested the addition of photos along with their “yaks.”The reality is, prior to the addition of images on Yik Yak, reports of dangerous users had already put the company under scrutiny. In October 2014, police officers arrested a user for threatening to “kill everyone in Penn State Main.” University of Michigan discovered in April that a Yik Yak user in its community posted an apparent suicide note. Not to mention, at Utica College, an army of people spewed directed slurs at the campus’ transgender population. These are some of the many incidents which have propelled the public to believe that the mere existence of Yik Yak is highly detrimental to the student population.The addition of pictures on Yik Yak fights fire with fire. Granted, posting each photo comes with many Yik Yak-imposed safeguards. For instance, any picture containing a face or signs of nudity will be immediately revoked. These restrictions are seemingly put in place to ensure the safety of Yik Yak users; however, they also silently confirm the existence and inevitability of malicious content. Obviously, setting the availability of each board to such a narrow proximity increases the likelihood of targeted posts. And now, internet bullies are equipped with two different kinds of weapons: text and images.Perhaps the biggest contributor to Yik Yak’s nastiness is in the very fabric of the app’s construction. Anonymity will always give endless power to cruelly mock and make threats. As psychiatrist Dr. Keith Ablow put it, “Psychologically, Yik Yak actually removes all pretense of being a person with empathy, genuinely connected to other human beings.” No amount of innovation, especially not the addition of photos, will steer Yik Yak toward a path of humanity.Even at its very best, Yik Yak is still irresponsible. Users commenting on their mundane lives are part of a faceless mob, ready to attack by force of voting or posting.To educate this crowd, Yik Yak’s endeavors should include teaching its users the effects of each publication, no matter how mundane. In contrast, the photo feature does nothing to strengthen Yik Yak’s moral compass. Once an image is posted to cyberspace, the poster has no idea about how his or her picture has traveled.That being said, Yik Yak aims to foster patches of communities, and its growth thus far on college campuses seems to be an indomitable force — the app is found on more than 1,500 campuses. Communities, however, are made up of people who deserve the respect of one another. Yik Yak’s injustices cannot simply be eradicated by the new picture feature, and by not teaching users the responsibility of mindful language, Yik Yak fails to progress. New strategy, please.Danni Wang is a junior majoring in psychology. She is also the lifestyle assignments editor of the Daily Trojan. “Point/Counterpoint” will run Tuesdays.