Food Empire Stock Surges After Maybank's Bullish Vietnam Forecast
Food Empire Holdings sees 5.4% stock surge after Maybank raises target price, highlighting strong Vietnam expansion plans and projected US$100M revenue by 2025.
Food Empire Holdings office building in Singapore with stock chart overlay showing recent price surge
Food Empire Holdings (FEH) shares jumped 5.4% on Thursday following Maybank's raised target price, highlighting Singapore's resilient business landscape amid regional trade challenges.
Market Performance and Analyst Outlook
The stock reached an intraday high of S$2.73, representing a S$0.14 increase, before settling at S$2.67 by mid-afternoon trading. This surge follows Maybank analyst Jarick Seet's revised target price of S$2.92, up from S$2.62, maintaining a "buy" recommendation after evaluating the company's Vietnam operations.
Vietnam Growth Strategy
The positive outlook stems from FEH's ambitious expansion in Vietnam, where it's positioned to become the third-largest instant coffee player. The company's strategic approach to market expansion mirrors Singapore's leadership role in ASEAN markets, with projected revenues of US$100 million by 2025.
Innovation and Growth Prospects
FEH's commitment to product innovation and market expansion aligns with Singapore's dynamic business environment, where companies must constantly evolve to maintain competitive advantage. The company's growth strategy includes:
- New product development initiatives
- Market segment expansion
- Potential bonus share issuance to improve liquidity
"With its strong pipeline of projects ahead, we believe FEH will continue to grow steadily in (the) coming years," stated Maybank analyst Jarick Seet.
Financial Performance
UOB Kay Hian has also expressed confidence in FEH's trajectory, raising its target price to S$2.73 from S$2.40. The company's first-half 2025 results exceeded expectations, with Group CEO Sudeep Nair projecting another record-breaking performance for FY2025.
Wei-Ling Tan
Tech and economy specialist, covering innovation in Southeast Asia from Singapore for both English-language and regional media outlets.