0224 GMT - Food Empire Holdings' medium-term growth is likely to be driven by higher production capacity, RHB Research's Alfie Yeo says in a research report. The food and beverage group's snack-production facility in Malaysia is poised to expand by 1H, the analyst notes. Its first new coffee-mix factory in Kazakhstan will increase production capacity for coffee mixes by 15%, the analyst adds. Also, a new freeze-dried soluble coffee manufacturing facility in Vietnam is planned to open by 2028. RHB lifts its 2025 and 2026 earnings forecasts for the Singapore-listed company by 8% and 7%, respectively. RHB raises the stock's target price to S$1.67 from S$1.23 with an unchanged buy rating. Shares are 1.3% lower at S$1.54. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 27, 2025 22:24 ET (02:24 GMT)
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