SINGAPORE (Nov 24): OCBC Investment Research is keeping a “buy” call on food company with a target price of $1.27.

OCBC likes the stock on the back of bright earnings outlook for its bakery and pork production businesses, which contributed about 49% and 38%, respectively, to sales in fiscal 2014.

Its bakery brands, Gardenia and Bonjour, command about 60% market share in Singapore.

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