“As of Dec 25, tentative progress in the US-led peace discussions has raised hopes of de-escalation,” Cheong and Mo write.
UOB Kay Hian analysts maintain their “buy call” and $3 target price for global food and beverage company Food Empire Holdings (FEH) (SGX:F03
) . In their note on Jan 14, analysts John Cheong and Heidi Mo say their assessment is based on a possible resolution to the ongoing Russia-Ukraine war and share buybacks done by the company.
Russia and Ukraine are key markets for FEH. The company’s revenue for 9MFY2025 reached a record high US$427 million, with Russia contributing 31% and Ukraine, Kazakhstan and the Commonwealth of Independent States contributing 26%.
