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...

UOB Kay Hian is adding GHY Culture and Media (GHY), as well as Innotek to its Alpha Picks portfolio, after both companies reported “strong outperformances” in Jan 2021.  In a Feb 9 note, the brokerage said the portfolio rose 5.7% m-o-m in January vs the Straits Times Index’s (STI or FSSTI...

RHB’s small cap asean research team reckons that Food Empire is a steal.  “At a market valuation of 10x FY21F P/E, Food Empire is one of the cheapest consumer staples stocks,” explains analyst Jarick Seet in a Feb 8 note.AdChoicesADVERTISING He believes the counter could even be a candida...

RHB on Monday said it remains bullish on Food Empire Holdings and reiterated its "strong buy call". The research team also raised its target price to S$1.27 from S$0.80, pegged to a higher price to earnings (P/E) ratio of 15 times for its FY2021 forecast.

At 4.50pm, shares in Food Empire Holdings were trading at 85.5 cents, 14.76% or 11 cents higher than its last close of 74.5 cents. The surge in share price triggered a query from Singapore Exchange Regulation (SGX RegCo) at 4.50pm asking the company to confirm its compliance with the listing rules. ...

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.