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Food Empire Holdings
Broker's Calls
Higher target prices for Food Empire following record core earnings, dividends, and prospects for more
Food Empire has shown it could pass on higher costs as sales were not hurt even with selling prices increased
March 04, 2024
Results
Food Empire reports 6.0% y-o-y dip in FY2023 earnings of US$56.5 mil; proposes record dividend of 10 cents
FY2023 revenue stood at a record US$425.7 million, 6.9% higher y-o-y, mainly due to higher volumes and higher ASPs.
February 27, 2024
Results
Maybank Securities keeps 'buy' on Food Empire in anticipation of another record financial year
Analysts Jarick Seet and Eric Ong say demand remains strong in core markets, and raw material prices have stabilised.
February 26, 2024
Geopolitics
Caught in the coffee crossfire
Starbucks and other multinationals have faced backlash before, but the boycott over Israel is “completely different”.
February 01, 2024
Broker's Calls
RHB maintains 'overweight' on F&B sector, names ThaiBev, Delfi and Food Empire as top picks
Analyst Alfie Yeo sees consumption accelerating in 2024, with GDP growth and tourist recovery in Thailand, Vietnam and Indonesia.
January 10, 2024
Broker's Calls
Analysts see record year for Food Empire, expect higher dividend
The analysts have all kept their "add" and "buy" calls with target prices ranging from $1.53 to $1.69.
November 16, 2023
Company in the news
Brewing success
In its latest results announcement, Food Empire revealed that sales of its coffee not only remained stable but increased.
November 16, 2023
Results
Food Empire posts earnings of US$15.7 mil for 3QFY2023, down 30.6%
Food Empire's revenue for the nine months ended September is up by 6.7% y-o-y at an "historic high" of US$305.1 million.
November 08, 2023
Broker's Calls
UOBKH adds SIA Engineering, Singtel, Food Empire, Frencken and Far East Hospitality Trust to November alpha picks
In October, the team’s alpha picks fell by 4.6% m-o-m due to poor investor sentiment although it still outperformed the benchmark.
November 02, 2023
Company in the news
Food Empire to seek dual primary listing on main board of Hong Kong stock exchange
Preparatory works are ongoing and no application has been made to the SEHK for the listing of Food Empire's shares yet.
October 16, 2023