Finding attractive stock picks in a volatile market can be difficult as the world continues to grapple with the Covid-19 pandemic. But for UOB Kay Hian Research (UOB KH), some of its top picks are palm oil producer First Resources, power generation company Sunpower Group and food manufacturer Food E...

UOB Kay Hian analyst John Cheong and the Singapore research team have highlighted BRC Asia, Food Empire, Frencken and InnoTek as its top buy picks among the small-mid cap sector. He has given all three “buy” calls with target prices of $1.88, 88 cents and 82 cents respectively. The brokerage has...

THE following companies saw new developments that may affect trading of their securities on Thursday.

Despite the resurgence of Covid-19 in Food Empire’s core markets, RHB Group Research believes that the group’s latest 3QFY2020 results were decent. With that, analyst Juliana Cai has kept her “buy” call on Food Empire with a higher target price of 80 cents from 72 cents previously. To recap,...

MAINBOARD-LISTED Food Empire Holdings recorded a 19.5 per cent decline in net profit for its fiscal third quarter, as revenue fell and foreign exchange losses increased, it said on Wednesday evening.

Food Empire announced in its business update on Nov 11 that its 3QFY2020 net profit after tax has fallen some 19.5% to US$6.3 million ($8.5 million) from US$7.8 million a year ago. Year to date, 9MFY2020 profit after tax was 6.6% lower y-o-y at US$19.5 million. For the third quarter ended September,...

RHB Group Research is keeping its “buy” recommendation on Food Empire with a target price of 75 cents, as analyst Juliana Cai believes that the group is poised for earnings recovery I 3QFY2020 and its current share price of 60 cents offers a good entry opportunity for investors looking to captur...

The Edge Singapore took home an award at the SGX Orb Awards on Oct 7, after receiving three nominations across two categories — the most nominations from a single publication. The awards were launched by Singapore Exchange (SGX) in 2018 to enhance financial education and this paper has won at leas...

The Covid-19 pandemic is slowly improving in some countries, with lockdown measures easing and market activities resuming. This is apparent in coffee products manufacturer and distributor Food Empire’s core markets in Russia and Ukraine. This means an improvement in mobility trends at shops and th...

Large blue-chip stocks tend to be the focus of investors because their long-established track records are expected to result in positive performances. But who says small and mid-cap stocks cannot do well too? According to UOB KayHian, 40% of the companies under its small-mid cap coverage that report...