Food Empire

Food Empire: Revenue and earnings growth stay intact in face of conflict - THE EDGE SINGAPORE

Stocks To Watch

Food Empire: Revenue and earnings growth stay intact in face of conflict

Despite war breaking out in its main markets, Food Empire is still going strong.

Results

Food Empire posts record 9MFY2022 revenue and net profit

Food Empire posts record 9MFY2022 results despite headwinds.

Insider moves

Nordic chairman and Suntec’s Celine Tang raise respective stakes; Food Empire buys back shares

Nordic's 1HFY2022 earnings were up 49% y-o-y to $11.6 million
RHB raises Food Empire's FY2022 PATMI estimates as 1HFY2022 results proved doubters wrong - THE EDGE SINGAPORE

Broker's Calls

RHB raises Food Empire's FY2022 PATMI estimates as 1HFY2022 results proved doubters wrong

At its current levels, RHB's Jarick Seet believes the counter is a “steal".

Broker's Calls

Food Empire is expected to power through the ongoing Russia-Ukraine crisis

Food Empire might see a challenge in Ukraine and Russia, but it's boom in Southeast Asia is expected to carry the group.

Results

Food Empire reports NPAT of $9.2 mil, up 34.4% for 1QFY2022

Looking ahead, the group says it has experienced an overall improvement in market sentiment.
War risks raising food prices in Asia, Ukraine ambassador warns - THE EDGE SINGAPORE

Russia-Ukraine crisis

War risks raising food prices in Asia, Ukraine ambassador warns

"The implications of this full-fledged war in the very heart of Europe will be felt on every corner of the globe."
Shares in Food Empire down 8% for the day as news of attacks in Ukraine breaks - THE EDGE SINGAPORE

Results

Food Empire reports lower 2HFY2021 earnings, warns of higher costs with Russia-Ukraine conflict

The management is closely monitoring the fluid situation and will do its best to manage.
Margins expected to rebound for Food Empire in FY2022 - THE EDGE SINGAPORE

Broker's Calls

Margins expected to rebound for Food Empire in FY2022

FY2022 is looking bright for Food Empire.
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