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UOB Kay Hian maintains 'buy' call on Food Empire with $3.49 target price

The Edge Singapore
The Edge Singapore • 2 min read
UOB Kay Hian maintains 'buy' call on Food Empire with $3.49 target price
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John Cheong and Tang Kai Jie of UOB Kay Hian have maintained their bullish call on Food Empire Holdings, noting that the instant coffee maker has not only outperformed the growth of its peers and with significant capacity expansion round the corner, poised for a pick up in further growth.

"The next two years mark the most concentrated period of capacity additions in Food Empire's history, with four facilities across four countries coming online sequentially," state the analysts in their June 22 note, referring to Kazakhstan, Malaysia, India and Vietnam.

In the most recent 1QFY2026, the company delivered another record quarter, with broad-based revenue growth of 16.9% y-o-y to US$159.7 million.

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