Analyst William Tng from CGS-CIMB reiterated a Buy rating on Food Empire Holdings Limited and keeping the price target at S$3.18.
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William Tng has given his Buy rating due to a combination of factors that highlight Food Empire Holdings Limited’s strong market position and growth potential. The company has demonstrated significant revenue growth, particularly in its largest market, Russia, where revenue increased by 49% year-over-year in the third quarter of 2025. This growth is attributed to strategic promotions and price adjustments, as well as the resumption of business with a key distributor.
Additionally, Food Empire’s management is actively considering feedback from fund managers to enhance shareholder value through potential actions such as bonus issues, increased dividends, and share buybacks. The company has also been recognized with prestigious awards, including ‘Company of the Year,’ which underscores its financial strength and commitment to sustainable growth. These factors, combined with the company’s expansion plans in South Asia and Southeast Asia, contribute to a positive outlook and justify the Buy rating.
Tng covers the Technology sector, focusing on stocks such as Venture, Frencken Group Limited, and AEM Holdings Ltd.. According to TipRanks, Tng has an average return of 12.0% and a 67.69% success rate on recommended stocks.
In another report released on November 13, UOB Kay Hian also maintained a Buy rating on the stock with a S$3.00 price target.