Food Empire Holdings' Earnings Outlook Seems to Be Better -- Market Talk

Dow Jones

02-28

0602 GMT - Food Empire Holdings' earnings outlook seems to be better, Maybank Research's Jarick Seet says in a research report. The situation with its Russian distributor has been resolved, with margins there likely to improve gradually this year, while growth in Vietnam is expected to persist, the analyst says. Management foresees stronger growth from Asia and has put in place commercial and strategic initiatives to tap opportunities around the region, the analyst notes. Maybank raises its 2025 and 2026 profit-after-tax-and-minority-interests estimates for the food and beverage manufacturer by 11%. It upgrades the stock to buy from hold and raises its target price to S$1.19 from S$1.02. Shares are 2.7% higher at S$1.14. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 28, 2025 01:02 ET (06:02 GMT)

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The situation with its Russian distributor has been resolved, with margins there likely to improve gradually this year, while growth in Vietnam is expected to persist, the analyst says. Management foresees stronger growth from Asia and has put in place commercial and strategic initiatives to tap opportunities around the region, the analyst notes. Maybank raises its 2025 and 2026 profit-after-tax-and-minority-interests estimates for the food and beverage manufacturer by 11%. It upgrades the stock to buy from hold and raises its target price to S$1.19 from S$1.02. Shares are 2.7% higher at S$1.14. 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The situation with its Russian distributor has been resolved, with margins there likely to improve gradually this year, while growth in Vietnam is expected to persist, the analyst says. Management foresees stronger growth from Asia and has put in place commercial and strategic initiatives to tap opportunities around the region, the analyst notes. Maybank raises its 2025 and 2026 profit-after-tax-and-minority-interests estimates for the food and beverage manufacturer by 11%. It upgrades the stock to buy from hold and raises its target price to S$1.19 from S$1.02. Shares are 2.7% higher at S$1.14. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 28, 2025 01:02 ET (06:02 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font>\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":"2514748394","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514748394","pubTimestamp":1740722520,"columns":[],"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":"0602 GMT - Food Empire Holdings' earnings outlook seems to be better, Maybank Research's Jarick Seet says in a research report. The situation with its Russian distributor has been resolved, with margins there likely to improve gradually this year, while growth in Vietnam is expected to persist, the analyst says. Management foresees stronger growth from Asia and has put in place commercial and strategic initiatives to tap opportunities around the region, the analyst notes. Maybank raises its 2025 and 2026 profit-after-tax-and-minority-interests estimates for the food and beverage manufacturer by 11%. It upgrades the stock to buy from hold and raises its target price to S$1.19 from S$1.02. Shares are 2.7% higher at S$1.14. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"F03.SI":"富旺朝"},"translate_title":"Food Empire Holdings的盈利前景似乎更好——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"F03.SI":0.9},"content_text":"0602 GMT - Food Empire Holdings' earnings outlook seems to be better, Maybank Research's Jarick Seet says in a research report. The situation with its Russian distributor has been resolved, with margins there likely to improve gradually this year, while growth in Vietnam is expected to persist, the analyst says. Management foresees stronger growth from Asia and has put in place commercial and strategic initiatives to tap opportunities around the region, the analyst notes. Maybank raises its 2025 and 2026 profit-after-tax-and-minority-interests estimates for the food and beverage manufacturer by 11%. It upgrades the stock to buy from hold and raises its target price to S$1.19 from S$1.02. Shares are 2.7% higher at S$1.14. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 28, 2025 01:02 ET (06:02 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}