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Maybank's Seet raises Food Empire's target price to $2.62 on growing earnings and proportionately lower Russia exposure

The Edge Singapore
The Edge Singapore  • 2 min read
Maybank's Seet raises Food Empire's target price to $2.62 on growing earnings and proportionately lower Russia exposure
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Jarick Seet of Maybank Securities has kept his " buy" call and raised his target price for Food Empire Holdings from $2 to $2.62 after the instant coffee maker announced a deal with Santan Food Services to provide

Vietnamese iced coffee on AirAsia flights and for sale at retail outlets.

"We believe that this will be positive for Food Empire as it continues to break into more markets in South-East Asia," states Seet in his July 21 note, where

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