Agriculture giant Japfa Ltd expects to raise US$158 million from an initial public offering (IPO) on the Singapore Exchange (SGX) mainboard. The company has yet to release its first half 2014 results, but peers (Charoen Pokphand Indonesia, Malindo Feedmill, and Sierad Produce) have posted mixed performance. They continue to report strong sales revenue growth, but profit margins squeezed significantly.

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