SINGAPORE (June 9): The Russian RUB has appreciated some 15% against the USD over the last two months amid oil price improvements and RHB Group Research analyst Juliana Cai believes that this a positive for instant coffee manufacturer and distributor Food Empire. The Russia market contributes to abo...

SINGAPORE (May 15): RHB Group Research’s analyst Juliana Cai is reiterating her “buy” recommendation on Food Empire with a target price of 75 cents from 88 cents previously. On May 11, Food Empire released its business update, which saw net profit after tax fall some 13.3% to US$6.6 million f...

SINGAPORE (May 12): Food Empire Holdings has announced first quarter earnings of US$6.6 million (S$9.3 million), down 13.3% from the US$7.8 million a year ago. Group revenue grew 5% y-o-y to US$74.2 million, as compared to US$70.7 million previously. The higher revenue was contributed by higher sal...

SINGAPORE-LISTED Food Empire Holdings had spent close to three decades building its 3-in-1 instant coffee mix business in far-flung emerging markets like Russia, Kazakhstan and Ukraine.

FOOD Empire Holdings on Monday reported an 83.6 per cent jump in net profit to about US$5 million for the fourth quarter ended Dec 31, 2019.

FOOD Empire Holdings on Monday reported an 83.6 per cent jump in net profit to about US$5 million for the fourth quarter ended Dec 31, 2019.

SINGAPORE (Feb 5): UOB Kay Hian is initiating coverage on instant coffee manufacturer Food Empire Holdings with a “buy” recommendation and a target price of 89 cents – representing a potential upside of close to 35%. “At current prices, the stock trades at an attractive valuation at 9.2 tim...

UOB Kay Hian has initiated coverage on Food Empire Holdings, a manufacturer of instant coffee and snacks, with a "buy" call and a target price of S$0.89, citing that shares were trading at a "huge bargain" given its global footprint.

SINGAPORE (Dec 11): RHB Research is maintaining its “neutral” call on the Singapore consumer sector, as decelerating economic growth and  macro-economic uncertainties threaten to tame consumer confidence and limit upside potential in the upcoming year.  Citing the Singapore government’s for...

FOR the five trading sessions spanning Nov 8 to Nov 14, the Straits Times Index (STI) declined 1.6 per cent with the Nikkei 225 Index, Hang Seng Index and S&P/ASX 200 Index averaging a 1.9 per cent decline.