Food Empire Holdings (F03.SI) saw its stock soar by 3.23% during intraday trading on Wednesday, as investors reacted to speculation about a potential bonus issue. The company is set to report its financial results for the first half of fiscal year 2025, ending June 30, in the week starting August 12.

The surge in stock price comes amid expectations that Food Empire might announce a bonus issue to commemorate its 25th anniversary since listing. This potential move has caught the attention of market participants, driving increased interest in the company's shares ahead of its financial report.

CGS International Research analyst William Tng suggests that a bonus issue would "sweeten" the company's milestone anniversary celebration. Such a move could be seen as a way for Food Empire to reward its long-term shareholders and potentially increase liquidity in its stock. As the company approaches this significant milestone, investors appear to be positioning themselves in anticipation of positive news.