Stock Track | Food Empire Plummets 5.93% Intraday After Analyst Cuts Target Price on Earnings Concerns

Stock Track

Jul 13

Food Empire Holdings saw its shares plummet 5.93% during intraday trading on Monday, making it the session's biggest laggard among major Singapore-listed companies.

The sharp decline followed a research note from CGS International, which cut its target price for the instant coffee maker to S$3.33 from S$4.00. Analyst William Tng noted that while the company's first-half profit is likely to grow year-on-year, it is expected to decline sequentially from a strong second-half performance in 2025.

CGS International also reduced its earnings per share estimates for 2026-2028 by approximately 17% to account for a 1-for-5 bonus issue. The firm maintained its "add" rating on the stock but highlighted the sequential profit decline as a near-term concern for investors.

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Analyst William Tng noted that while the company's first-half profit is likely to grow year-on-year, it is expected to decline sequentially from a strong second-half performance in 2025.</p><p>CGS International also reduced its earnings per share estimates for 2026-2028 by approximately 17% to account for a 1-for-5 bonus issue. The firm maintained its \"add\" rating on the stock but highlighted the sequential profit decline as a near-term concern for investors.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"F03.SI","symbol_name":"富旺朝","start_time":0,"source_url":"","article_id":"1129422853","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1129422853","pubTimestamp":1783936232,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Food Empire Holdings saw its shares plummet 5.93% during intraday trading on Monday, making it the session's biggest laggard among major Singapore-listed companies.The sharp decline followed a...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"F03.SI":"富旺朝"},"translate_title":"股票跟踪 | 分析师因盈利担忧下调目标价后，食品帝国盘中暴跌 5.93%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"F03.SI":1},"content_text":"Food Empire Holdings saw its shares plummet 5.93% during intraday trading on Monday, making it the session's biggest laggard among major Singapore-listed companies.The sharp decline followed a research note from CGS International, which cut its target price for the instant coffee maker to S$3.33 from S$4.00. 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