Food Empire a strong 'buy' for RHB on expectations of an exceptional FY2021

RHB’s small cap Asean research team reckons that Food Empire is a steal. 

“At a market valuation of 10x FY21F P/E, Food Empire is one of the cheapest consumer staples stocks,” explains analyst Jarick Seet in a Feb 8 note.

He believes the counter could even be a candidate for privatisation, given its undervalued position.