Home Capital Broker's Calls

Food Empire to leverage on food ingredients business for growth

Samantha Chiew
Samantha Chiew11/10/2017 11:31 AM GMT+08  • 2 min read
Food Empire to leverage on food ingredients business for growth
SINGAPORE (Nov 10): RHB is maintaining its “buy” call on Food Empire Holdings with a target price of $1.00.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Nov 10): RHB is maintaining its “buy” call on Food Empire Holdings with a target price of $1.00.

This came following the group announcing its 3Q17 earnings were up by 27% to US$7.4 million ($10 million) from US$5.8 million in 3Q16 on lower expenses.

Revenue for the quarter grew 2.7% to US$70.1 million from US$68.3 million last year, led by an increase in the group’s revenue from other markets.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.