Food Empire's Earnings Outlook Seems Brighter -- Market Talk

Dow Jones03-04

0607 GMT - Food Empire's earnings outlook appears brighter after it posted strong 2023 core earnings, RHB Research analyst Alfie Yeo says in a report. Based on its current sales traction and strategy, the Singapore-listed food-and-beverage manufacturer should see stronger demand growth, the analyst says. Growth should come from pure coffee categories including its coffee mix range in Russia, Ukraine and the Commonwealth of Independent States markets, the analyst says. Key markets like Russia give Food Empire scope to boost its penetration via more locations and marketing channels. RHB raises the stock's target to S$1.75 from S$1.53 and keeps a buy rating. Shares are 2.1% lower at S$1.41. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 04, 2024 01:07 ET (06:07 GMT)

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Based on its current sales traction and strategy,...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"F03.SI","symbol_name":"富旺朝","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2416616582","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2416616582","pubTimestamp":1709532420,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0607 GMT - Food Empire's earnings outlook appears brighter after it posted strong 2023 core earnings, RHB Research analyst Alfie Yeo says in a report. 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