Food Empire Holdings (F03.SI) saw its stock price surge 4.30% in pre-market trading on Monday, following its inclusion in a list of undervalued Asian stocks based on cash flows. The Singapore-based food and beverage manufacturer's sudden rise comes as investors react to analysis suggesting the company may be trading well below its intrinsic value.

According to the recent market report, Food Empire Holdings is currently trading at SGD2.56, which is significantly below its estimated fair value of SGD4.94. This represents a potential undervaluation of 48.2%, making it one of the most discounted stocks in the Asian market based on cash flow analysis. The company, which operates primarily in Russia, Ukraine, Kazakhstan, CIS markets, and South-East Asia, has caught the attention of value investors looking for growth opportunities in the region.

Adding to investor optimism, Food Empire Holdings is projected to see substantial earnings growth, with analysts forecasting an impressive 36.18% annual increase, far outpacing the Singapore market's average growth rate of 7.3%. The company has also been actively managing its capital, implementing a share buyback program and recently completing a follow-on equity offering worth S$42.84 million. These strategic moves, coupled with the company's strong market position in key regions, have likely contributed to the renewed investor interest and the subsequent stock price jump.