Food Empire's Reinvestment in Southeast Asia Likely to Stay Elevated -- Market Talk

Dow Jones03-03 14:15

0615 GMT - Food Empire Holdings' reinvestment in Southeast Asia is likely to stay elevated, DBS Group Research's Zheng Feng Chee says in a research report. Given its strong position in instant coffee in the region, its marketing and trade investments should remain high to sustain growth and defend market leadership, the analyst says. In Malaysia, the food and beverage products manufacturer's margins should improve gradually as new clients come on board. DBS maintains its buy rating on the stock, but raises the target price to S$3.65 from S$3.40 based on average of bear-case and bull-case scenarios pegged to Food Empire's FY 2027 earnings estimates. Shares are 1.9% lower at S$3.11. (ronnie.harui@wsj.com)

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March 03, 2026 01:15 ET (06:15 GMT)

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