food and beverage (F&B)

SINGAPORE (May 12): RHB Research is reiterating its “buy” call on Food Empire while raising its target price to 85 cents from 76 cents previously, after the food and beverage (F&B) maker posted a 58.8% rise in 1Q earnings to $8.9 million on Thursday.

SINGAPORE (May 11): Food Empire Holdings has announced first quarter earnings of US$6.3 million ($8.9 million), up 58.8% from the US$4 million a year ago on higher revenue.

SINGAPORE (March 1): Food Empire Holdings is back in the black after posting US$2.9 million ($4.1 million) of earnings for the fourth quarter ended Dec 31 compared to the group’s restated 4Q15 loss of $3.1 million reported a year ago.

SINGAPORE (March 1): Singapore’s stock traders lost their lunch break weeks after Osvaldo Forlino opened a restaurant in the heart of the city’s business district in 2011. As Forlino readies a new cafe, he’s looking forward to welcoming the deale

SINGAPORE (Feb 28): Soup Restaurant Group reported a 3.2% rise in FY16 earnings of $998,000 on lower expenses.

SINGAPORE (Feb 24): ABR Holdings, the company behind Swensen’s ice cream and Tip Top curry puffs is branching out into catering to seek growth.

SINGAPORE (Feb 24): RHB is maintaining its “buy” call on BreadTalk with a higher target price of $1.50, as it witnesses a turnaround in the group’s core business after its FY16 margins beat expectations.

SINGAPORE (Feb 23): CIMB Research is leaving its “hold” rating on Delfi unchanged with a slightly lower target price of $2.30 from $2.31 previously despite a recent fourfold surge in 4Q16 earnings to US$3.7 million ($5.2 million).

SINGAPORE (Feb 22): Breadtalk Group reported FY16 earnings of $11.4 million, up 50.4% from $7.6 million a year ago on a steeper drop in cost of sales and 3.3% higher other income of $8.9 million.

SINGAPORE (Feb 20): As Singapore’s stock market continues to rally, an often overlooked sector is getting a boost. The city-state’s listed restaurants have outperformed regional and global peers as dining out drives shares higher.