In an after market announcement on July 17, Food Empire announced a partnership with Capital A Bhd, an investment holding company, to co-develop and launch a new range of ready-to-drink beverages.
William Tng of CGS International has again raised his target price for Food Empire, on expectations that more new business opportunities are on the way with the help of well-placed investor Ikhlas Capital.
Just on June 25, Tng had raised his target price for the counter from $1.95 to $2.28. In his July 17 note, he is further hiking his target price to $2.73.
