Food Empire's New Facility Investment Likely Has Mixed Impact -- Market Talk

Dow Jones

2024-09-16

0205 GMT - Food Empire Holdings' investment in a new coffee manufacturing facility in Vietnam likely has mixed impact, RHB Research analyst Alfie Yeo says in a research report. This new facility will help to boost the company's production of freeze-dried soluble coffee, and help it to diversify and grow its ingredients business, says RHB, which maintains the stock's buy rating. However, the new facility is a long-term investment with no revenue benefit before expected production commencement in 2028 and increased capital expenditure and depreciation, the analyst adds. RHB lowers its 2025-2026 earnings estimates for Food Empire by 2% each year, and cuts the target price to S$1.23 from S$1.36. Shares are 0.5% lower at S$0.965. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

September 15, 2024 22:05 ET (02:05 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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This new facility will help to boost the company's production of freeze-dried soluble coffee, and help it to diversify and grow its ingredients business, says RHB, which maintains the stock's buy rating. However, the new facility is a long-term investment with no revenue benefit before expected production commencement in 2028 and increased capital expenditure and depreciation, the analyst adds. RHB lowers its 2025-2026 earnings estimates for Food Empire by 2% each year, and cuts the target price to S$1.23 from S$1.36. Shares are 0.5% lower at S$0.965. 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This new facility will help to boost the company's production of freeze-dried soluble coffee, and help it to diversify and grow its ingredients business, says RHB, which maintains the stock's buy rating. However, the new facility is a long-term investment with no revenue benefit before expected production commencement in 2028 and increased capital expenditure and depreciation, the analyst adds. RHB lowers its 2025-2026 earnings estimates for Food Empire by 2% each year, and cuts the target price to S$1.23 from S$1.36. Shares are 0.5% lower at S$0.965. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 15, 2024 22:05 ET (02:05 GMT)\n</p>\n<p>\n  Copyright (c) 2024 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":"BK6509","symbol_name":"食品和飲料股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2467823850","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2467823850","pubTimestamp":1726452300,"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":"0205 GMT - Food Empire Holdings' investment in a new coffee manufacturing facility in Vietnam likely has mixed impact, RHB Research analyst Alfie Yeo says in a research report. This new facility will help to boost the company's production of freeze-dried soluble coffee, and help it to diversify and grow its ingredients business, says RHB, which maintains the stock's buy rating. However, the new facility is a long-term investment with no revenue benefit before expected production commencement in 2028 and increased capital expenditure and depreciation, the analyst adds. RHB lowers its 2025-2026 earnings estimates for Food Empire by 2% each year, and cuts the target price to S$1.23 from S$1.36. Shares are 0.5% lower at S$0.965. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6509":"食品和饮料股","BK6114":"包装食品与肉类","F03.SI":"富旺朝"},"translate_title":"食品帝国的新设施投资可能会产生不同的影响——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"F03.SI":0.9},"content_text":"0205 GMT - Food Empire Holdings' investment in a new coffee manufacturing facility in Vietnam likely has mixed impact, RHB Research analyst Alfie Yeo says in a research report. This new facility will help to boost the company's production of freeze-dried soluble coffee, and help it to diversify and grow its ingredients business, says RHB, which maintains the stock's buy rating. However, the new facility is a long-term investment with no revenue benefit before expected production commencement in 2028 and increased capital expenditure and depreciation, the analyst adds. RHB lowers its 2025-2026 earnings estimates for Food Empire by 2% each year, and cuts the target price to S$1.23 from S$1.36. Shares are 0.5% lower at S$0.965. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 15, 2024 22:05 ET (02:05 GMT)\n\n\n  Copyright (c) 2024 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":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}