Tng estimates that labour and packaging forms around 30% of Food Empire's cost of goods sold.
William Tng of CGS International has remained upbeat on Food Empire Holdings. He urges investors not to be "distracted" by the "short term noise" that has ensued with the ongoing fighting in the Middle East.
Citing an interview of CEO Sudeep Nair published in The Edge Singapore on June 26, Tng notes that no thanks to the resultant constriction in the supply of oil, the company has seen a 20% increase in its packaging material costs but which is deemed not serious enough to "significantly" affect its margins.
