Alfie Yeo of RHB Bank Singapore has kept his "buy" on Food Empire Holdings along with a raised target price of $1.67 from $1.23 previously, on optimism over the coffee and snack maker's longer-term growth prospects underpinned by expanding capacity.

In the meantime, Food Empire, with its domestic-focused businesses, is seen to have "minimal" exposure from the impact of the US tariffs.

"We raise FY2025 to FY2026 earnings on better revenue traction, including higher operating costs," says Yeo in his April 24 note.