Wed 09/21/2022 00:30 AM
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Relevant Documents:
Excel File on Reorg Analysis Page
$350M 5.375% Senior Notes Due 2026 Offering Memorandum (OM)
FY’21 Annual Report
H1’22 Financials
H1’22 Investor Presentation
Reorg Asia’s Highlights:



  • Higher raw material prices have contributed to weaker profitability, though having the second largest market share, PT Japfa Comfeed Indonesia Tbk (JPFA) may enjoy cost savings through bulk purchases and has more pricing power with end-customers;


  • While JPFA’s...
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