Food Empire's Strong Revenue Growth Likely to Persist -- Market Talk

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Food Empire's Strong Revenue Growth Likely to Persist -- Market Talk

Dow Jones03-20 13:01

0501 GMT - Food Empire Holdings' strong revenue growth is likely to persist over 2026-2028, Macquarie Equity Research analysts say in a note. Drivers are the food and beverage manufacturer's planned capacity expansion and rising utilization, the analysts say. Rising urbanization, lifestyle changes and income growth have also led to faster coffee consumption growth in Food Empire's core emerging markets versus developed markets. Over 2026-2028, it will spend US$117 million to increase capacity in Vietnam and India and its new Kazakhstan plant should start contributing to revenue. Maquarie initiates coverage of the stock with an outperform rating and a target price of S$3.67. Shares are 2.9% higher at S$3.23. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 20, 2026 01:01 ET (05:01 GMT)

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