SINGAPORE (Aug 14): RHB Research is maintaining its “buy” rating on Food Empire with an unchanged target price of 95 cents, after the food and beverage (F&B) product manufacturer on Saturday released a set of 2Q17 results which came in line with the research house’s expectations.
See: Food Empire posts 64% rise in 1H earnings to US$9.5 mil
In a Monday report, analyst Juliana Cai says there has been no changes to RHB’s recommendation, target price and forecasts for now – and that the stock is still a currency play, in the research house’s view.
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