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uSMART initiates coverage on Yeo Hiap Seng with ‘hold’ call and 64.3 cent TP

Douglas Toh
Douglas Toh • 4 min read
uSMART initiates coverage on Yeo Hiap Seng with ‘hold’ call and 64.3 cent TP
Ng notes that the company is transitioning from volume-led manufacturing toward a brand-led portfolio to improve its mix and margins. Photo: Yeo Hiap Seng
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uSMART has initiated coverage on Singapore-based food and beverage (F&B) company Yeo Hiap Seng (Yeo’s) with a “hold” call and target price of 64.3 cents.

The company, with its simple red logo displaying ‘Yeo’s’ is well-known throughout Singapore and Malaysia for its packaged drinks and food products.

While the consumer F&B business made up some 94.5% in revenue for its 1HFY2025, Yeo’s also has a business segment focused on investment property and development.

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