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Food Empire 'attractive target for privatisation or acquisition': RHB

Felicia Tan
Felicia Tan10/5/2021 5:29 PM GMT+08  • 2 min read
Food Empire 'attractive target for privatisation or acquisition': RHB
RHB Group Research analyst Jarick Seet has kept “buy” on Food Empire with the same target price of $1.23.
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RHB Group Research analyst Jarick Seet has kept “buy” on Food Empire with the same target price of $1.23.

In his report dated Oct 5, Seet sees the company’s share buybacks as a “strong vote of confidence” from its management.

On Sept 28, 29 and 30, Food Empire’s management purchased a total of 340,000 shares, at 77.26 cents apiece, 77.89 cents apiece and 78.78 cents apiece respectively.

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