- We resume coverage of Food Empire (SGX:F03). In our view, Food Empire is pivoting its business to the Asian region, with its planned US$80m freeze-dried soluble coffee manufacturing facility in Vietnam.
Further capacity expansion to grow its business
- - Read this at SGinvestors.io -
- Food Empire targets to have the plant ready for production by end-FY25F. Food Empire will also invest US$80m in Binh Dinh province, Central Vietnam, for the construction of its second freeze-dried soluble coffee manufacturing facility.
Partnership with Ikhlas Capital
- - Read this at SGinvestors.io -
- Together with Ikhlas, Food Empire aims to create value for its shareholders by tapping into Ikhlas’ vast network to open doors for partnerships and business opportunities in the region, the company said in its 20 Aug 2024 press release. The REN can be converted into Food Empire shares at S$1.09 apiece after 1 Nov 2026.
9M24 revenue grew 12.8% y-o-y
- Read more at SGinvestors.io.
Above is the excerpt from research report by CGSI Research.
Clients of CGS International may access the full report in PDF @ https://itrade.cgsi.com.sg/.
William TNG CFA CGS International Research | https://itrade.cgsi.com.sg 2025-01-06
Previous report by CGSI:
2024-03-27 Food Empire - Working Towards A Re-rating.
Price targets by 2 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 Dividend Payout Dates & Corporate Actions,
Food Empire News
