Food Empire Likely Benefiting From Revenue Diversification Strategy -- Market Talk

Dow Jones

May 15, 2025

0329 GMT - Food Empire Holdings is likely benefiting from its revenue diversification strategy, Maybank Research's Jarick Seet says in a research report. The food and beverage group's 1Q results show its revenue from Southeast Asia exceeds Russia's, validating this strategy, the analyst says. The Singapore-listed company's growth in Asia is expected to be strong, supported by a robust pipeline of capacity-expansion projects that are being implemented in the region. Maybank lifts its 2025 and 2026 forecasts for the company's profit after tax and minority interests by 18% and 23%, respectively. It raises the stock's target price to S$2.00 from S$1.19 with an unchanged buy rating. Shares are 0.6% lower at S$1.69. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

May 14, 2025 23:29 ET (03:29 GMT)

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The food and beverage group's 1Q results show its revenue from Southeast Asia exceeds Russia's, validating this strategy, the analyst says. The Singapore-listed company's growth in Asia is expected to be strong, supported by a robust pipeline of capacity-expansion projects that are being implemented in the region. Maybank lifts its 2025 and 2026 forecasts for the company's profit after tax and minority interests by 18% and 23%, respectively. It raises the stock's target price to S$2.00 from S$1.19 with an unchanged buy rating. Shares are 0.6% lower at S$1.69. 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The food and beverage group's 1Q results show its revenue from Southeast Asia exceeds Russia's, validating this strategy, the analyst says. The Singapore-listed company's growth in Asia is expected to be strong, supported by a robust pipeline of capacity-expansion projects that are being implemented in the region. Maybank lifts its 2025 and 2026 forecasts for the company's profit after tax and minority interests by 18% and 23%, respectively. It raises the stock's target price to S$2.00 from S$1.19 with an unchanged buy rating. Shares are 0.6% lower at S$1.69. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 14, 2025 23:29 ET (03:29 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\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":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2535856481","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535856481","pubTimestamp":1747279740,"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":"0329 GMT - Food Empire Holdings is likely benefiting from its revenue diversification strategy, Maybank Research's Jarick Seet says in a research report. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"F03.SI":"富旺朝"},"translate_title":"食品帝国可能受益于收入多元化战略——市场讨论","themeId":"4d178f513d2bc24c371e249fcd529050","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"F03.SI":0.9},"content_text":"0329 GMT - Food Empire Holdings is likely benefiting from its revenue diversification strategy, Maybank Research's Jarick Seet says in a research report. The food and beverage group's 1Q results show its revenue from Southeast Asia exceeds Russia's, validating this strategy, the analyst says. The Singapore-listed company's growth in Asia is expected to be strong, supported by a robust pipeline of capacity-expansion projects that are being implemented in the region. Maybank lifts its 2025 and 2026 forecasts for the company's profit after tax and minority interests by 18% and 23%, respectively. It raises the stock's target price to S$2.00 from S$1.19 with an unchanged buy rating. Shares are 0.6% lower at S$1.69. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 14, 2025 23:29 ET (03:29 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":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}