Food Empire's Leading Market Position of Brands Should Sustain Momentum -- Market Talk

Dow Jones

08/19

0111 GMT - Food Empire Holdings' leading market position of its brands is poised to sustain business growth momentum, UOB Kay Hian analysts say in a research report, citing the company. The food and beverage product manufacturer continues to invest in brand-building, product development and marketing to further strengthen its brand equity, the analysts note. The company also said it will invest US$37 million to expand its spray-dried soluble coffee manufacturing facility in India's Andhra Pradesh, which should expand the facility's capacity by around 60%. The brokerage lifts its 2025-2027 revenue forecasts for Food Empire by 4%-5%. It raises the stock's target price to S$2.73 from S$2.40 with an unchanged buy rating. Shares are 0.9% lower at S$2.24. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

August 18, 2025 21:11 ET (01:11 GMT)

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The food and beverage product manufacturer continues to invest in brand-building, product development and marketing to further strengthen its brand equity, the analysts note. The company also said it will invest US$37 million to expand its spray-dried soluble coffee manufacturing facility in India's Andhra Pradesh, which should expand the facility's capacity by around 60%. The brokerage lifts its 2025-2027 revenue forecasts for Food Empire by 4%-5%. It raises the stock's target price to S$2.73 from S$2.40 with an unchanged buy rating. Shares are 0.9% lower at S$2.24. 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The food and beverage product manufacturer continues to invest in brand-building, product development and marketing to further strengthen its brand equity, the analysts note. The company also said it will invest US$37 million to expand its spray-dried soluble coffee manufacturing facility in India's Andhra Pradesh, which should expand the facility's capacity by around 60%. The brokerage lifts its 2025-2027 revenue forecasts for Food Empire by 4%-5%. It raises the stock's target price to S$2.73 from S$2.40 with an unchanged buy rating. Shares are 0.9% lower at S$2.24. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6114":"包装食品与肉类","F03.SI":"富旺朝","BK6509":"食品和饮料股"},"translate_title":"食品帝国的品牌领先市场地位应保持势头——Market Talk","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"F03.SI":0.9},"content_text":"0111 GMT - Food Empire Holdings' leading market position of its brands is poised to sustain business growth momentum, UOB Kay Hian analysts say in a research report, citing the company. The food and beverage product manufacturer continues to invest in brand-building, product development and marketing to further strengthen its brand equity, the analysts note. The company also said it will invest US$37 million to expand its spray-dried soluble coffee manufacturing facility in India's Andhra Pradesh, which should expand the facility's capacity by around 60%. The brokerage lifts its 2025-2027 revenue forecasts for Food Empire by 4%-5%. It raises the stock's target price to S$2.73 from S$2.40 with an unchanged buy rating. Shares are 0.9% lower at S$2.24. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 18, 2025 21:11 ET (01:11 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}