Mirae Asset Sekuritas projects that Japfa Comfeed Indonesia’s net profit in 2022 will grow less than 10%. Emma A Fauni, an analyst at the securities company, said Japfa’s feed segment will still be under pressure. “With the rising tension of global geopolitics, the possibility of feed ingredient prices going down is small,” she added. However, she believes that Japfa’s commercial livestock and poultry farming segment will continue its positive performance this year.