- Food Empire's 3Q24 revenue of S$118.9m rose 11.4% y-o-y due to higher revenue across all regions, which is encouraging and in line with our estimates. However, margins may weaken this year, which may hit FY24E profitability.
Vietnam – Star performer
- - Read this at SGinvestors.io -
- In 3Q24, Vietnam’s strong performance continued to reflect the success of Food Empire’s intense marketing efforts across all channels, including more brand-sponsored giveaways with purchases, which led to robust sales and increased brand awareness.
- Food Empire also strengthened its sales force in Vietnam and made its products available in more locations, increasing accessibility for consumers.
Further diversification of revenue
- - Read this at SGinvestors.io -
Better wait for headwinds to clear
- Read more at SGinvestors.io.
Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.maybanktrade.com.sg/.
Jarick Seet Maybank Research | https://www.maybank.com/ 2024-11-13
Previous report by Maybank:
2024-09-12 Food Empire - US$80m New Freeze-Dried Facility In Vietnam.
Price targets by other brokers at Food Empire Target Prices.
Listing of research reports at Food Empire Analyst Reports.
Relevant links:
Food Empire Share Price History,
Food Empire Announcements,
Food Empire Dividends & Corporate Actions,
Food Empire News Articles
