Food Empire

Broker's Calls

Not all bleak and gloomy for Food Empire

SINGAPORE (May 15): RHB Group Research’s analyst Juliana Cai is reiterating her “buy” recommendation on Food Empire with a target price of 75 cents from 88 cents previously.

Corporate moves

Food Empire records robust growth; declares higher dividend on better outlook

SINGAPORE (Mar 20): Tan Wang Cheow, founder and executive chairman of Food Empire Holdings, was originally an exporter of electronics such as computers and fax machines to Russia and some parts of

Results

Food Empire posts 6.6% increase in 1Q earnings to $10.5 mil on lower expenses

SINGAPORE (May 10): Food Empire announced that its 1Q19 earnings rose 6.6% to US$7.7 million ($10.5 million) from US$7.2 million in 1Q18.

Results

Food Empire posts turnaround in 4Q with earnings of $3.7 mil

SINGAPORE (Feb 28): Food Empire has announced that it has reversed out of the red in 4Q18 with earnings of US$2.72 million ($3.67 million), compared to a loss of US$2.75 million in 4Q17.

Broker's Calls

Food Empire downgraded as US ramps up sanctions against Russia

SINGAPORE (Aug 15): RHB Research is downgrading its call on Food Empire to “neutral” from “buy” while lowering its target price on the stock to 60 cents from $1.07 previously to reflect a lower tar

Results

Food Empire kept at 'buy' on strong organic growth

SINGAPORE (May 14): RHB Research is reiterating its “buy” call on Food Empire with an unchanged target price of $1.07. This implies an upside of around 59% from its current trading price.

Results

Food Empire's 1Q earnings up 14% to $9.6 mil

SINGAPORE (May 11): Food Empire reported 1Q18 earnings increased by 14% to US$7.19 million ($9.64 million), compared to US$6.31 million in 1Q17.

Results

Food Empire posts 4Q loss of $3.6 mil on share of loss of associates

SINGAPORE (Feb 28): Food Empire reported a loss of US$2.75 million ($3.63 million) in FY17, compared to earnings of US$2.92 million in FY18.

Food Empire to establish 2nd coffee processing facility in Andhra Pradesh for $65 mil

SINGAPORE (Feb 27): Food Empire Holdings has inked a memorandum of understanding (MoU) with India’s Government of Andhra Pradesh to set up its second instant coffee processing facility there.

Broker's Calls

Will Food Empire wipe the slate clean in 2018?

SINGAPORE (Jan 17): RHB is maintaining its “buy” call on Food Empire Holdings with a target price of $1.00.

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