Food Empire
Price target:

RHB “Buy” 75 cents

Strengthening Ruble to help lift coffee maker’s earnings

The Russian ruble has appreciated some 15% against the US dollar over the last two months amid oil price improvements. RHB Group Research analyst Juliana Cai believes that this is a positive for instant coffee manufacturer and distributor Food Empire, as Russian business accounts for around 40% of its revenue. 

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