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Food Empire Holdings
Results
Food Empire reports 11.4% y-o-y growth in 3QFY2024 group revenue to US$118.9 mil
For the 9MFY2024, the group’s revenue saw a 12.8% y-o-y increase to US$344.3 million.
17 days ago
Food & Beverage
Food Empire to invest US$80 mil in new Vietnam freeze-dried soluble coffee manufacturing facility
The facility marks the group’s second manufacturing facility for freeze-dried soluble coffee.
September 11, 2024
Broker's Calls
Brokers' Digest: Food Empire Holdings, Seatrium, Civmec
See what the analysts have to say this week.
September 05, 2024
Broker's Calls
UOB Kay Hian downgrades Food Empire to ‘hold’ with lower TP after near-term headwinds
The analysts have also lowered their dividend forecast to 5 cents per share as they no longer expect special dividends for the FY.
September 04, 2024
Broker's Calls
KGI cheers Food Empire’s higher capacity and continued growth despite headwinds
Food Empire continues to reap the benefits of its brand-building efforts in Vietnam.
August 23, 2024
Deals, joint ventures & alliances
Food Empire to receive US$40 mil capital injection from Ikhlas Capital
The capital injection is expected to drive capital expenditure and mergers and acquisitions in Southeast Asia and South Asia.
August 21, 2024
Results
Food Empire reports 11.3% decline in 1HFY2024 earnings of US$23.6 mil
Total revenue rose by 13.6% y-o-y to US$225.2 million for the period.
August 12, 2024
Broker's Calls
RHB lowers Food Empire’s TP to $1.52 following proposed notes issue to Ikhlas Capital
RHB sees the notes as a “slight negative” for Food Empire's earnings as they will incur US$2.2 million of annual interest costs.
July 04, 2024
Food & Beverage
Food Empire clarifies reports on its purported plans to build new instant coffee factory in central Vietnam
Shares in Food Empire closed flat at $1.01 on June 19.
June 20, 2024
Broker's Calls
RHB maintains ‘buy’ call on Food Empire despite recent earning cuts and growing coffee prices
RHB maintains ‘buy’ call on Food Empire despite recent earning cuts and growing coffee prices
June 14, 2024