Food Empire Likely Benefiting From Revenue Diversification Strategy -- Market Talk

Dow Jones
05/15

0329 GMT - Food Empire Holdings is likely benefiting from its revenue diversification strategy, Maybank Research's Jarick Seet says in a research report. The food and beverage group's 1Q results show its revenue from Southeast Asia exceeds Russia's, validating this strategy, the analyst says. The Singapore-listed company's growth in Asia is expected to be strong, supported by a robust pipeline of capacity-expansion projects that are being implemented in the region. Maybank lifts its 2025 and 2026 forecasts for the company's profit after tax and minority interests by 18% and 23%, respectively. It raises the stock's target price to S$2.00 from S$1.19 with an unchanged buy rating. Shares are 0.6% lower at S$1.69. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

May 14, 2025 23:29 ET (03:29 GMT)

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