Analyst John Cheong of UOB Kay Hian maintained a Buy rating on Food Empire Holdings Limited, boosting the price target to S$2.73.
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John Cheong has given his Buy rating due to a combination of factors that highlight Food Empire Holdings Limited’s strong financial performance and growth potential. The company reported a significant 32% year-over-year increase in core PATMI for the first half of 2025, reaching US$31 million, which surpassed expectations by 8%. This growth was driven by a 22% rise in revenue, with notable contributions from Vietnam’s impressive 37% increase and strong performances in Southeast and South Asia.
Furthermore, Food Empire Holdings declared its first-ever interim dividend, reflecting management’s confidence in the company’s future prospects. The strategic initiatives, including a partnership with Capital A’s Santan and capacity expansion in India, further bolster the company’s growth trajectory. The strong market position in Southeast Asia and South Asia, which now accounts for 42% of total revenue, underscores the company’s ability to sustain its momentum through continued investments in brand-building and product development.