Post Reply
1-20 of 1084
RHB' s Yeo maintains positive view on Food Empire, gives post-bonus issue target price of $3.36
Alfie Yeo of RHB Bank Singapore has maintained his positive view on Food Empire Holdings, given how the company is well poised to capture growth ahead as it increases manufacturing capacity across various sites.
In addition, the company' s cost pressure is seen to ease somewhat with coffee prices down by around a quarter year to date, on better anticipated supply, harvest, and weather outlook from key production countries including Brazil and Vietnam.
" We expect this to lend support to our margin projection going forward. Food Empire continues to track well with our estimates," says Yeo, who has kept his " buy" call, noting that the stock is trading at a " compelling" PEG of less than 1, with its forward P/E of 16x below his 19% FY25-28F earnings growth CAGR.
Yeo notes that the company' s capacity expansion plans remain intact having started its Kazakhstan manufacturing facility&rsquo s operations in the first quarter of the year.
Next, the company is expected to increase its spray dried soluble coffee manufacturing capacity by around 60% by FY2027 in India.
Its new Vietnam freeze dried soluble manufacturing facility will then come onstream by FY2028.
In its May 13 business update, the company reported revenue of US$160 million, an increase of 17% y-o-y, with its various markets all reporting healthy growth. Russia, in particular, was up 29% y-o-y to US$51 million on higher volumes and selling prices. A 17% appreciation in ruble versus US dollar, Food Empire' s reporting currency, helped as well.
Yeo notes that the company' s 1QFY2026 revenue tracks in line with his full-year revenue forecast of 15% y-o-y and thus, he has left his earnings estimates alone for now
Meanwhile, in conjunction with its 1QFY2026 business update, the company has also announced a 1 for 5 bonus issue, with a June 4 record date. Yeo' s post-bonus issue target price has been adjusted to $3.36, from the pre-bonus target price of $3.87.
For Yeo, downside risks to his forecasts include disruption in operations due to the Russia-Ukraine conflict, and the negative effect of a change in the value of the ruble and other CIS countries&rsquo currencies.
Food Empire shares, as at 9.15am, is down 18.21% to $2.47, reflecting the effects of the bonus issue.
Is $2.51 too high to enter? Any advice?
Tks for the info
Wl resume uptrend after X Bonus with
it' s growth prospects
Wl resume uptrend after X Bonus with
it' s growth prospects
SmallSmall ( Date: 03-Jun-2026 09:22) Posted:
|
RHB' s Yeo maintains positive view on Food Empire, gives post-bonus issue target price of $3.36
The Edge SingaporeWed, Jun 03, 2026 &bull 09:15 AM GMT+08 &bull 2 min read
Photo: Albert Chua of The Edge Singapore
Alfie Yeo of RHB Bank Singapore has maintained his positive view on Food Empire Holdings, given how the company is well poised to capture growth ahead as it increases manufacturing capacity across various sites.
In addition, the company' s cost pressure is seen to ease somewhat with coffee prices down by around a quarter year to date, on better anticipated supply, harvest, and weather outlook from key production countries including Brazil and Vietnam.
EX Bonus 1 for 5
Current $2.52 -$0.50
Will it trend back towards $2.60 later ?
Current $2.52 -$0.50
Will it trend back towards $2.60 later ?
Sori folks
Made a mistake
Today is the last day of
Cum Bonus
Tmr, wl be X Bonus
Getting old, dates also see wrongly
Made a mistake
Today is the last day of
Cum Bonus
Tmr, wl be X Bonus
Getting old, dates also see wrongly
msksmsks ( Date: 02-Jun-2026 09:29) Posted:
|
Tmr is the last day cum Bonus
msksmsks ( Date: 29-May-2026 14:10) Posted:
|
Count Down
3 more days b4 X Bonus
Letz see will the BB pushed it higher
3 more days b4 X Bonus
Letz see will the BB pushed it higher
msksmsks ( Date: 29-May-2026 10:19) Posted:
|
Price wl be adjusted theoritically
Will the share price fall on 4th June to reflect the ex-bonus?
Co embarked another round of SBB
yesterday amtd 150 lots @ 2.96
Addition info to Bonus issue (1 for 5) as follows:
1) X date : Jun 4
2) Payment date : Jun 12
Huat Huat.....
yesterday amtd 150 lots @ 2.96
Addition info to Bonus issue (1 for 5) as follows:
1) X date : Jun 4
2) Payment date : Jun 12
Huat Huat.....
Yup
juz be patient and shall be
rewarded as its fundamentals
are strong
juz be patient and shall be
rewarded as its fundamentals
are strong
lifeisgood ( Date: 26-May-2026 14:46) Posted:
|
I find that in SGX, there arent that many small/mid caps that have a truly global footprint. I think Food Empire the bill
JPM, ABN
Shld hv others but these two makaning
Shld hv others but these two makaning
lifeisgood ( Date: 26-May-2026 14:29) Posted:
|
Is it Goldman Sachs? I recently picked up quite a few shares from GS
msksmsks ( Date: 26-May-2026 14:22) Posted:
|
Bro,
Angmoh in play
Angmoh in play
lifeisgood ( Date: 25-May-2026 13:32) Posted:
|
Last day of cum entitlement for Bonus Issue wl be
on Jun 4
Cheerz
on Jun 4
Cheerz
Yes, it wl
Wont take long for it to move upwards...
Be patients and shall be rewarded
Looking cum bonus 3.7
Wont take long for it to move upwards...
Be patients and shall be rewarded
Looking cum bonus 3.7
lifeisgood ( Date: 25-May-2026 13:32) Posted:
|
Yes, I agree. I like Food Empire for its current low valuation, and lots of potential explosive future growth. From what I observe, it is not so difficult for it to push into new markets.
msksmsks ( Date: 25-May-2026 11:35) Posted:
|
Buy when it' s still cheap.
Once tagged cum Bonus, it wl being
pushed up . Price won' t stay low
for long
Co last SBB on Fri @ 3.02
Once tagged cum Bonus, it wl being
pushed up . Price won' t stay low
for long
Co last SBB on Fri @ 3.02
msksmsks ( Date: 25-May-2026 09:01) Posted:
|