Food Empire Holdings

SGX: F03

2.970

+2.77%

Share Price in SGD. As of 10 Feb 17:06:00 SGT

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  • CGS-CIMB

    08 Nov 2023

    ADD

    1.690

  • Maybank Research

    28 Feb 2024

    BUY

    1.680

    (prev 1.600)

  • RHB Invest

    21 Dec 2023

    BUY

    1.530

  • UOB Kay Hian

    05 Dec 2024

    BUY

    1.630

  • KGI Securities

    22 Nov 2023

    OUTPERFORM

    1.450

    (prev 1.250)

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Company Description

The company's history can be traced back to 1982 when Future Enterprises Pte Ltd was incorporated to market and distribute PCs and peripherals into Eastern Europe and Soviet Union. Since the early 90's, the Group has been a food and beverage company that manufactures and markets primarily instant beverage products. Today, Food Empire is a global branding and manufacturing company with a wide variety of products under its portfolio, such as regular and flavoured coffee mixes and cappuccinos, chocolate drinks, flavoured fruit teas, instant cereal mix and frozen convenience foods. It also produces and markets potato crisps. In addition to consumer retail products, the Group is also vertically integrated and manufactures raw ingredients like instant coffee and non-dairy creamer under its B2B arm. Food Empire's proprietary brands are MacCoffee, Cafe PHO, Petrovskaya Sloboda, Klassno, Kracks and OrienBites. MacCoffee - the Group's flagship brand - has been consistently ranked as the leading 3-in-1 instant coffee brand in the Group's core market of Russia, Vietnam, Ukraine and Central Asia. Food Empire's products are exported to over 50 countries in markets such as Russia, Vietnam, Ukraine, Central Asia, South-East Asia, the Middle East, China, Mongolia, and North America. The Group has 23 offices worldwide and operates 8 manufacturing facilities in Malaysia, India, Vietnam, Russia and Ukraine.
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