They have kept their “buy” call and target price unchanged at $1.36 in their Sept 1 report.
Analysts from Maybank Securities, RHB Bank Singapore, PhillipCapital and UOB Kay Hian have come away positive on Food Empire’s (SGX:F03
) prospects after their visit to the company’s Vietnam operations from Aug 29 to 30.
“Food Empire has the third-largest market share of three-in-one ice coffee after Nestle and a local brand G7,” write Maybank analysts Jarick Seet and Eric Ong.
