- Food Empire (SGX:F03)’s participation at the ASEAN Gems conference in Taipei was met with strong client interest, with a full schedule of 1-on-1 meetings.
- In our view, the overall sentiment from Taiwanese investors was constructive, underpinned by Food Empire’s consistent earnings delivery, continued strong growth, and exposure in fast-growing emerging markets.
Resilient growth and geographic diversification remain key investment highlights.
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Maintaining strong, broad-based growth across core markets.
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- Growth was led by Russia (+35% y-o-y), which remains the largest contributor at 33% of group revenue, supported in part by currency tailwinds. Central Asia (+26% y-o-y) also saw strong momentum, driven primarily by Kazakhstan on higher volumes and improved product availability.
- Meanwhile, South Asia and Southeast Asia recorded healthy growths of 16% and 14% y-o-y, respectively, with Southeast Asia contributing 26% of total revenue. Europe posted modest growth, while other markets saw slight declines.
Strong capital returns highlight management confidence.
- Read more at SGinvestors.io.
