Food Empire's Production Capacity to Drive Medium-Term Growth -- Market Talk

Dow Jones

Apr 28, 2025

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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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. 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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. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6114":"包装食品与肉类","BK6509":"食品和饮料股","F03.SI":"富旺朝"},"translate_title":"食品帝国产能推动中期增长——市场谈","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"F03.SI":0.9},"content_text":"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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 27, 2025 22:24 ET (02:24 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":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}