Coffee manufacturer and distributor Food Empire announced in its business update that it has achieved a revenue of US$286.0 million in 9MFY2022, a y-o-y increase of 26.5% as compared to US$226.1 million in 9MFY2021.The increase was across all segments particularly from the group’s South Asia segme...

SGX-listed stocks Thai Beverage (ThaiBev), Kimly, Food Empire and Sheng Siong Group will likely be the winners in a rising inflation climate, says RHB Group Research analyst Jarick Seet.Sheng Siong Group and Kimly are both branded as value supermarkets and coffee shops, which will put them in good s...

Chang Yeh Hong, executive chairman of Nordic Group , has raised his stake in the company following improved earnings. On Aug 29, he acquired 113,000 shares at 48.5 cents each on the open market. This brings his total stake to 218.19 million shares or 54.58%, up from 54.56% previously. Earlier on Aug...

Sasseur REIT Price target: Maybank Securities ‘buy’ $1.08 CGS-CIMB Research ‘add’ $1.06 DBS Group Research ‘buy’ $1.10 Easing China headwinds, strength in EMA structure Analysts remain confident in Sasseur REIT following its recent 1HFY2022 ended June results announcement, which saw dis...

RHB Group Research analyst Jarick Seet has kept his “buy” call on Food Empire as the company reported PATMI or earnings of US$27.1 million ($37.2 million) for the 1HFY2022 ended June, 134.4% higher y-o-y.The higher earnings, which came despite the ongoing conflict in Ukraine, have proven Food Em...

Food Empire has reported earnings of US$27.1 million ($37.2 million) for the 1HFY2022 ended June, more than double the earnings of US$11.5 million in the same period the year before.This was mainly attributable to the higher average selling prices (ASPs) across most of the group’s business segment...

Food Empire Holdings is expecting to see “significantly higher” profit after tax for the 1HFY2022 ended June. This will be mainly attributable to a better operating profit for the period on the back of higher average selling prices (ASPs).The higher profit after tax for the period is also due to...

RHB analyst Jarick Seet has maintained his “buy” call on Food Empire Holdings with a target price of $0.95, representing an 83% upside of the counter’s price of 52 cents on July 5 and a yield of 4%.The reiteration comes off the back of Food Empire’s sale of its industrial office at Harrison ...

As for Lian Beng, the acquisition is line with one of its core business activities in property investments.“The group views the proposed acquisition as a good opportunity to participate in a strategic investment of the property, where the group can derive rental returns which will be added to the ...

RHB Group Research is keeping its “buy” recommendation on Food Empire with a target price of 95 cents, as analyst Jarick Seet believes that the group’s latest 1QFY2022 ended March results has quelled all doubts of the group’s position amid the ongoing Russia-Ukraine crisis, of which both mar...

Food Empire Holdings has reported net profit after tax (NPAT) of US$9.2 million ($12.7 million) for the 1QFY2022, 34.4% higher than NPAT of US$6.8 million in the corresponding quarter last year.The higher NPAT was due to the higher average selling prices (ASPs), lower selling and marketing expenses,...

DESPITE severe geopolitical challenges in its key Russia and Ukraine markets, mainboard-listed food and beverage manufacturer Food Empire, registered higher revenue and net profit for the first fiscal quarter that ended Mar 31, 2022.

FOOD and beverage manufacturer Food Empire said on Monday (Apr 18) that given the conflict in Ukraine, it has made changes in inventory management practices and pricing policies and is exploring various alternatives to ensure business continuity under extremely challenging market conditions....

FOOD and beverage manufacturer Food Empire said on Monday (Apr 18) that given the conflict in Ukraine, it has made changes in inventory management practices and pricing policies and is exploring various alternatives to ensure business continuity under extremely challenging market conditions....

“I do not think that in the region, the fact that China refuses to distance itself from Russia, costs it,” he said. “All the countries in the region — they worry about sovereignty and the principles of the UN charter – but at the same time, they want their ties with China and quite a few o...