The company, part of the Pacific Andes group and listed on the Singapore stock exchange, stands to “benefit from increased prices in the near term due to a shortfall in seafood supply from Japan, a key seafood exporter,” said a report from Andrew Chow, an analyst with UOB Kay Hian Research.
“In our opinion, the recent share price weakness is unwarranted and represents an excellent opportunity to buy into China Fishery,” he said. “China Fishery’s fishing grounds in Russia are at least 3,000 kilometers north of the Fukushima site.
