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.
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