He believes the counter could even be a candidate for privatisation, given its undervalued position.
RHB’s small cap Asean research team reckons that Food Empire is a steal.
“At a market valuation of 10x FY21F P/E, Food Empire is one of the cheapest consumer staples stocks,” explains analyst Jarick Seet in a Feb 8 note.
![[19/05/26] new top stories](/_next/image?url=https%3A%2F%2Fedgemarkets-transferred.s3-ap-southeast-1.amazonaws.com%2FPEO_KUNHEE_PARK_01_AC_2.jpg%3FTd3bG7fJqxPW3hMZRxhyfGgI25yRRD5v&w=640&q=75)
