Over the years, Food Empire has grown a strong presence in numerous markets, including most recently, Vietnam. Its original markets of Russia, Ukraine and other former Soviet states remain key too.
Food Empire is seen to show "strong" both topline and bottomline growth but another appeal of this counter is its potential to be acquired.
According to an analysis published on Feb 3 by DBS Group Research's Chee Zheng Feng and Andy Sim, Tata Consumer is a likely acquirer. They are initiating coverage on this counter with a "buy" call and $3.40 target price.
