Food Empire's 1H Profit Could Grow on Year, Decline Sequentially

Dow Jones

07/13

0413 GMT - Food Empire's 1H profit is likely to grow on year but decline sequentially, says CGS International's William Tng in a note. The Singapore-listed instant coffee maker's strong brand and capacity expansion in coffee-powder manufacturing should support efforts to boost its business, he says. However, he notes the company's 2H 2025 results were strong, which is likely to result in a half-on-half profit decline. He continues to expect the company's core earnings per share to grow 9%-13% over 2027-2028, but cuts his 2026-2028 EPS estimate by around 17% to factor in a 1-for-5 bonus issue. CGS International therefore cuts its target price to S$3.33 from S$4.00 and retains its add rating. Shares drop 3.6% to HK$2.44. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

July 13, 2026 00:13 ET (04:13 GMT)

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The Singapore-listed instant coffee maker's strong brand and capacity expansion in coffee-powder manufacturing should support efforts to boost its business, he says. However, he notes the company's 2H 2025 results were strong, which is likely to result in a half-on-half profit decline. He continues to expect the company's core earnings per share to grow 9%-13% over 2027-2028, but cuts his 2026-2028 EPS estimate by around 17% to factor in a 1-for-5 bonus issue. CGS International therefore cuts its target price to S$3.33 from S$4.00 and retains its add rating. Shares drop 3.6% to HK$2.44. 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The Singapore-listed instant coffee maker's strong brand and capacity expansion in coffee-powder manufacturing should support efforts to boost its business, he says. However, he notes the company's 2H 2025 results were strong, which is likely to result in a half-on-half profit decline. He continues to expect the company's core earnings per share to grow 9%-13% over 2027-2028, but cuts his 2026-2028 EPS estimate by around 17% to factor in a 1-for-5 bonus issue. CGS International therefore cuts its target price to S$3.33 from S$4.00 and retains its add rating. Shares drop 3.6% to HK$2.44. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 13, 2026 00:13 ET (04:13 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6509","symbol_name":"食品和饮料股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2651368198","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2651368198","pubTimestamp":1783915980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0413 GMT - Food Empire's 1H profit is likely to grow on year but decline sequentially, says CGS International's William Tng in a note. The Singapore-listed instant coffee maker's strong brand and capacity expansion in coffee-powder manufacturing should support efforts to boost its business, he says. However, he notes the company's 2H 2025 results were strong, which is likely to result in a half-on-half profit decline. He continues to expect the company's core earnings per share to grow 9%-13% over 2027-2028, but cuts his 2026-2028 EPS estimate by around 17% to factor in a 1-for-5 bonus issue. CGS International therefore cuts its target price to S$3.33 from S$4.00 and retains its add rating. Shares drop 3.6% to HK$2.44.  Dow Jones NewswiresJuly 13, 2026 00:13 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6509":"食品和饮料股","F03.SI":"富旺朝","SG9999002406.SGD":"利安新加坡信托基金","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","BK6114":"包装食品与肉类"},"translate_title":"Food Empire上半年利润可能同比增长，随后环比下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"F03.SI":0.9},"content_text":"0413 GMT - Food Empire's 1H profit is likely to grow on year but decline sequentially, says CGS International's William Tng in a note. The Singapore-listed instant coffee maker's strong brand and capacity expansion in coffee-powder manufacturing should support efforts to boost its business, he says. However, he notes the company's 2H 2025 results were strong, which is likely to result in a half-on-half profit decline. He continues to expect the company's core earnings per share to grow 9%-13% over 2027-2028, but cuts his 2026-2028 EPS estimate by around 17% to factor in a 1-for-5 bonus issue. CGS International therefore cuts its target price to S$3.33 from S$4.00 and retains its add rating. Shares drop 3.6% to HK$2.44. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 13, 2026 00:13 ET (04:13 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}