0202 GMT - Food Empire Holdings is likely to benefit further from its Vietnam operation and facilities, Maybank's Jarick Seet says in a report. Its Vietnam operation is on track to deliver an estimated US$100 million revenue in 2025 and has become the third-largest instant coffee player in Vietnam. Management also plans to increase production capacity at its facilities in Vietnam by 15% in 2026 via automation and by another 30% in 2027, the analyst notes. Moreover, the Singapore-listed food and beverage group plans product innovations for revenue growth in new segments, which the analyst is optimistic about. Maybank Research raises the stock's target price to S$2.92 from S$2.62 with an unchanged buy rating. Shares are 0.4% higher at S$2.63. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
September 15, 2025 22:02 ET (02:02 GMT)
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