"In addition, management’s focus on expanding Vietnam has shown positive signs in terms of traction," writes Seet in his June 26 note, where he expects the upcoming 2QFY2023 ending June 30 numbers, expected in August, should remain strong.
Maybank Securities' Jarick Seet, optimistic that Food Empire Holdings (SGX:F03
) ' business to still benefit from strong demand in its core markets, has maintained his 'buy' call and $1.29 target price.
Unusual for a Singapore company, Food Empire's key export markets are Russia, Ukraine, which have been fighting each other for more than a year, and other former Soviet states.
