Brokers' Digest: Food Empire, Lendlease Global Commercial REIT, Raffles Medical Group, SembMarine, Choo Chiang Holdings

UOB Kay Hian is reiterating its “buy” recommendation on Food Empire with a target price of $1.28, as analyst John Cheong and Heidi Mo see the group’s continued share buyback in 1QFY2023 ending March, which has contributed to a higher share price, especially after recording a 134% y-o-y increase in FY2022 core earnings of US$45 million ($59.9 million).