Food Empire

SINGAPORE (May 14): RHB Research is reiterating its “buy” call on Food Empire with an unchanged target price of $1.07. This implies an upside of around 59% from its current trading price.

SINGAPORE (May 11): Food Empire reported 1Q18 earnings increased by 14% to US$7.19 million ($9.64 million), compared to US$6.31 million in 1Q17.

SINGAPORE (Feb 28): Food Empire reported a loss of US$2.75 million ($3.63 million) in FY17, compared to earnings of US$2.92 million in FY18.

SINGAPORE (Feb 27): Food Empire Holdings has inked a memorandum of understanding (MoU) with India’s Government of Andhra Pradesh to set up its second instant coffee processing facility there.

SINGAPORE (Jan 17): RHB is maintaining its “buy” call on Food Empire Holdings with a target price of $1.00.

SINGAPORE (Dec 19): RHB Research believes Singapore’s consumer spending is expected to see a pick up in 2018 on the back of pent-up demand.

SINGAPORE (Nov 9): Food Empire announced that 3Q17 earnings increased 26.8% to US$7.4 million ($10 million) compared to US$5.8 million in 3Q16.

SINGAPORE (17 Aug): RHB is reiterating its “buy” call on Food Empire Holdings with a target price of 95 cents on the back of its core markets in the CIS countries grew in line with its expectation for 2Q17.

SINGAPORE (Aug 14): RHB Research is maintaining its “buy” rating on Food Empire with an unchanged target price of 95 cents, after the food and beverage (F&B) product manufacturer on Saturday released a set of 2Q17 results which came in line with the r

SINGAPORE (Aug 12): Food Empire, the F&B manufacturing company, reported a 64.2% rise in 1H17 earnings to US$9.5 million ($12.9 million) from US$5.8 million a year ago on the back of 20.6% rise in revenue to US$125.2 million.