"We do not see significant decline in demand for Food Empire's food products in Russia despite its recent political developments.
RHB's Alfie Yeo has kept his "buy" call and $1.39 target price on Food Empire Holdings (SGX:F03
) , on the belief that the company's growth remains on track in its various existing markets.
Yeo is reiterating his earlier call made on March 16. Since then, Food Empire has gained 18% to $1.03, outperforming the wider market.
