Food Empire - Maybank Research 2025-02-27: Back To Growth, Upgrade To BUY

• We believe Food Empire is now on a firm track back to profitability growth after hiccups in FY24 and management will likely continue to reward shareholders with attractive dividends.
• - Read this at SGinvestors.io -

Growth in South Asia & Vietnam remains strong.

• Vietnam was its fastest-growing market in FY24, contributing more than 50% to Food Empire's revenue of its Southeast Asian segment which grew 27.3% y-o-y to US$129.3m.
• - Read this at SGinvestors.io -
• Management sees stronger growth from Asia and has put in place various commercial and strategic initiatives to tap opportunities around the region. To sustain the strong growth in Vietnam, Food Empire will continue to invest in strengthening its brand presence and increasing the rate of consumer acquisition.

Further diversification of revenue.

• Read more at SGinvestors.io.

Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.

Previous report by Maybank:
2024-11-13 Food Empire - Revenue Growth On Track.

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