- We maintain our positive view on Food Empire (SGX:F03) and expect it to achieve core earnings growth from ongoing investments in brand building as well as the market leadership positions of Food Empire’s brands.
Expect positive outlook from strong brand equity and emerging trend for instant coffee.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- Furthermore, we see rising popularity of instant coffee vs brewed coffee due to instant coffee’s convenience and affordability, especially among younger demographics and those with busy lifestyles. Affordability is becoming a more crucial push factor with the recent increase in coffee bean costs.
Strong expansion pipeline of four new manufacturing facilities to drive growth.
- Read more at SGinvestors.io.