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'Buy' Food Empire on potential increase in ASPs, possibility of privatisation: RHB

Felicia Tan
Felicia Tan • 3 min read
'Buy' Food Empire on potential increase in ASPs, possibility of privatisation: RHB
1QFY2021 is likely to be Food Empire’s weakest quarter for 2021, even though it yielded numbers that outperformed RHB's estimates.
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RHB Group Research analyst Jarick Seet has kept “buy” on Food Empire with the same target price of $1.27 after Food Empire reported its 1QFY2021 figures on May 11.

TAGS
Food Empire Holdings
Broker's calls
RHB Group Research
average selling prices (ASPs)
price-to-earnings (P/E) ratio

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