Food Empire Could Deliver Pleasant 1H Surprise -- Market Talk

Dow Jones

2025/06/27

0332 GMT - Singapore instant coffee maker Food Empire Holdings's 1H core earnings could beat market consensus, says CGS International's William Tng in a note. The analyst expects higher Vietnam revenue and brisk business in the snacks and non-diary creamer division to support the group's core FY 2025-2027 profit. Investors also haven't fully considered potential earnings gains from a new Vietnam coffee manufacturing plant coming online in FY 2028, he adds. The brokerage reiterates its add call and raises its target to S$2.28 from S$1.95, citing a possible share re-rating on revenue growth. Shares are 4.9% higher at S$1.91. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

June 26, 2025 23:32 ET (03:32 GMT)

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The analyst expects higher Vietnam revenue and brisk business in the snacks and non-diary creamer division to support the group's core FY 2025-2027 profit. Investors also haven't fully considered potential earnings gains from a new Vietnam coffee manufacturing plant coming online in FY 2028, he adds. The brokerage reiterates its add call and raises its target to S$2.28 from S$1.95, citing a possible share re-rating on revenue growth. Shares are 4.9% higher at S$1.91. 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