Food Empire

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.

Sector Focus

Pent-up demand to boost consumer spending in 2018: RHB

SINGAPORE (Dec 19): RHB Research believes Singapore’s consumer spending is expected to see a pick up in 2018 on the back of pent-up demand.

Results

Food Empire posts 27% increase in 3Q earnings to US$7.4 mil on lower expenses

SINGAPORE (Nov 9): Food Empire announced that 3Q17 earnings increased 26.8% to US$7.4 million ($10 million) compared to US$5.8 million in 3Q16.

Broker's Calls

Food Empire hungers for more upstream projects

SINGAPORE (17 Aug): RHB is reiterating its “buy” call on Food Empire Holdings with a target price of 95 cents on the back of its core markets in the CIS countries grew in line with its expectation

Broker's Calls

Food Empire still a currency play for now: RHB

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 re

Results

Food Empire posts 64% rise in 1H earnings to US$9.5 mil

SINGAPORE (Aug 12): Food Empire, the F&B manufacturing company, reported a 64.2% rise in 1H17 earnings to US$9.5 million ($12.9 million) from US$5.8 million a year ago on the back of 20.6% rise

Broker's Calls

Food Empire’s positive outlook sustained by the rise of CIS markets

SINGAPORE (May 12): RHB Research is reiterating its “buy” call on Food Empire while raising its target price to 85 cents from 76 cents previously, after the food and beverage (F&B) maker posted

Food Empire wins trademark case in Lithuania

SINGAPORE (July 25): Food Empire says the Supreme Court of Lithuania has ruled in favour of Food Empire's  wholly-owned subsidiary Future Enterprises against McDonald’s International Property Compa

Food Empire logo

Food Empire swings back into the black with 1Q earnings of US$4 mil

SINGAPORE (May 11): Instant beverage maker Food Empire reported 1Q earnings of US$4 million ($5.5 million), compared to a net loss of US4.4 million the year before.

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