In his report dated March 7, Tang notes several positives including the resilient consumer demand for the company’s products despite the geopolitical tensions and the high interest rate environment.
KGI Research has kept its “outperform” call on Food Empire Holdings (SGX:F03
) after the company reported a record set of earnings for the FY2023 ended Dec 31, 2023. Analyst Tang Kai Jie has also given the company a higher target price of $1.65 from $1.45 previously due to the better profitability.
See the rest of the analysts' reports and raised target prices here
