RHB Group Research analyst Jarick Seet has kept his “buy” call for Food Empire Holdings with an unchanged target price of $1.27 as he sees stronger quarters ahead for the company. “We believe that the worst is over for Food Empire in 2020, with 1Q2021 likely to be the weakest quarter for FY202...

UOB Kay Hian has added NYSE-listed Sea Limited and transport operator ComfortDelGro (CDG) to its Alpha Picks for the month of June after its portfolio beat the benchmark Straits Times Index (STI) in May with a 1.5% month-on-month (m-o-m) decline compared to the latter’s 1.7% m-o-m decline. “Foll...

UOB Kay Hian reports a divergence in institutional and retail investors' behaviour in May, while the Straits Times Index (STI) saw an overall “stable” month after picking up from a mid-month dip to 3,032 to close at 3,164 on May 31. According to analyst Adrian Loh and the Singapore research team...

Photo: The Edge Singapore The impact of the heightened Phase 2 restrictions will be short-lived for now, given that it is slated to end in mid-June, says UOB Kay Hian analyst Adrian Loh and the Singapore research team. This is also based on the assumption that the number of community infections in S...

RHB Group Research analyst Jarick Seet has kept “buy” on Food Empire with the same target price of $1.27 after Food Empire reported its 1QFY2021 figures on May 11. See: Food Empire reports earnings of US$6.8 mil for 1QFY21 For the quarter ended March, earnings increased by 3.9% y-o-y to US$6.8 m...

Food Empire Holdings has reported earnings of US$6.8 million for its 1QFY21, up 3.9% y-o-y. Revenue in the same period was up 3.4% to US$76.8 million, led by stronger demand for its products in southeast Asia. The company also suffered lower forex losses and incurred lower sales related expenses. Ho...

Singapore has been dealing with the Covid-19 pandemic for over a year now and several new trends have risen in the market amid the “new norms”. In RHB Securities Singapore’s 20 Jewels 2021 Edition, the research house notes that while Covid-19 caused a steep correction in global markets, especi...

RHB Group Research analyst Jarick Seet has maintained his ‘overweight’ rating for small-cap and mid-cap Singapore stocks on the back of continued recovery prospects and a strong outlook for the semiconductor sector. His top picks for small- and mid-cap stocks are Food Empire Holdings and HR...

RHB Group Research analyst Jarick Seet has maintained his “buy” rating on Food Empire with a higher target price of $1.27 from 80 cents previously. The revised target price comes following Food Empire’s stronger performance for the 4QFY2020 ended December. Despite y-o-y revenues decreasing due...

UOB Kay Hian analysts John Cheong and Clement Ho have maintained “buy” on Food Empire, as they both “expect another year of record earnings” for the company. On that, the analysts have also upped Food Empire’s target price by 37% to $1.30 from 95 cents previously, on the company’s “com...