Food Empire's Strategic Partnership With Capital A Seen as Positive -- Market Talk

Dow Jones

07/22

0602 GMT - Food Empire Holdings stands to benefit from its strategic partnership with Malaysia's Capital A, Maybank Research's Jarick Seet says. The partnership will co-develop and launch a new range of ready-to-drink beverages. The collaboration between the two companies' subsidiaries will commence with a Vietnamese iced coffee product to be sold on AirAsia flights and at selected retail outlets under the 'Santan Brand.' This looks positive for Food Empire as it continues to break into more markets in Southeast Asia, the analyst says in a research report. Maybank Research raises the stock's target price to S$2.62 from S$2.00 to partly reflect a higher 2025 price-to-earnings of 17x from 13x, with an unchanged buy rating. Shares are 1.3% higher at S$2.27. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 22, 2025 02:02 ET (06:02 GMT)

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The partnership will co-develop and launch a new range of ready-to-drink beverages. The collaboration between the two companies' subsidiaries will commence with a Vietnamese iced coffee product to be sold on AirAsia flights and at selected retail outlets under the 'Santan Brand.' This looks positive for Food Empire as it continues to break into more markets in Southeast Asia, the analyst says in a research report. Maybank Research raises the stock's target price to S$2.62 from S$2.00 to partly reflect a higher 2025 price-to-earnings of 17x from 13x, with an unchanged buy rating. Shares are 1.3% higher at S$2.27. 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The partnership will co-develop and launch a new range of ready-to-drink beverages. The collaboration between the two companies' subsidiaries will commence with a Vietnamese iced coffee product to be sold on AirAsia flights and at selected retail outlets under the 'Santan Brand.' This looks positive for Food Empire as it continues to break into more markets in Southeast Asia, the analyst says in a research report. Maybank Research raises the stock's target price to S$2.62 from S$2.00 to partly reflect a higher 2025 price-to-earnings of 17x from 13x, with an unchanged buy rating. Shares are 1.3% higher at S$2.27. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 22, 2025 02:02 ET (06:02 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6114","symbol_name":"包裝食品與肉類","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2553282729","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2553282729","pubTimestamp":1753164120,"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":"0602 GMT - Food Empire Holdings stands to benefit from its strategic partnership with Malaysia's Capital A, Maybank Research's Jarick Seet says. The partnership will co-develop and launch a new range of ready-to-drink beverages. The collaboration between the two companies' subsidiaries will commence with a Vietnamese iced coffee product to be sold on AirAsia flights and at selected retail outlets under the 'Santan Brand.' This looks positive for Food Empire as it continues to break into more markets in Southeast Asia, the analyst says in a research report. Maybank Research raises the stock's target price to S$2.62 from S$2.00 to partly reflect a higher 2025 price-to-earnings of 17x from 13x, with an unchanged buy rating. Shares are 1.3% higher at S$2.27. ","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":"Food Empire与Capital A的战略合作伙伴关系被视为积极——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"F03.SI":0.9},"content_text":"0602 GMT - Food Empire Holdings stands to benefit from its strategic partnership with Malaysia's Capital A, Maybank Research's Jarick Seet says. The partnership will co-develop and launch a new range of ready-to-drink beverages. The collaboration between the two companies' subsidiaries will commence with a Vietnamese iced coffee product to be sold on AirAsia flights and at selected retail outlets under the 'Santan Brand.' This looks positive for Food Empire as it continues to break into more markets in Southeast Asia, the analyst says in a research report. Maybank Research raises the stock's target price to S$2.62 from S$2.00 to partly reflect a higher 2025 price-to-earnings of 17x from 13x, with an unchanged buy rating. Shares are 1.3% higher at S$2.27. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 22, 2025 02:02 ET (06:02 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":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}