Food Empire's Likely Stronger Trading Liquidity Could Support Valuation Rerating -- Market Talk

Dow Jones

Jun 04

0643 GMT - Food Empire's likely strengthened trading liquidity from its 1-for-5 share bonus issue could support a valuation rerating, says DBS Group Research's Zheng Feng Chee in a note. The analyst expects the Singapore-listed instant coffee maker to continue performing strongly thanks to favorable currency movements, stronger macroeconomic conditions in key markets and lower coffee input costs. While the bonus share issuance doesn't alter the company's fundamentals, DBS cuts its target price to S$3.05 from S$3.65 to reflect the higher number of shares. The bank maintains a buy rating. Shares fall 0.8% to S$2.49. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

June 04, 2026 02:43 ET (06:43 GMT)

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The analyst expects the Singapore-listed instant coffee maker to continue performing strongly thanks to favorable currency movements, stronger macroeconomic conditions in key markets and lower coffee input costs. While the bonus share issuance doesn't alter the company's fundamentals, DBS cuts its target price to S$3.05 from S$3.65 to reflect the higher number of shares. The bank maintains a buy rating. Shares fall 0.8% to S$2.49. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 04, 2026 02:43 ET (06:43 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Food Empire's Likely Stronger Trading Liquidity Could Support Valuation Rerating -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFood Empire's Likely Stronger Trading Liquidity Could Support Valuation Rerating -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-04 14:43</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0643 GMT - Food Empire's likely strengthened trading liquidity from its 1-for-5 share bonus issue could support a valuation rerating, says DBS Group Research's Zheng Feng Chee in a note. The analyst expects the Singapore-listed instant coffee maker to continue performing strongly thanks to favorable currency movements, stronger macroeconomic conditions in key markets and lower coffee input costs. While the bonus share issuance doesn't alter the company's fundamentals, DBS cuts its target price to S$3.05 from S$3.65 to reflect the higher number of shares. The bank maintains a buy rating. Shares fall 0.8% to S$2.49. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 04, 2026 02:43 ET (06:43 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999002406.SGD","symbol_name":"利安新加坡信托基金","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2640132740","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2640132740","pubTimestamp":1780555380,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0643 GMT - Food Empire's likely strengthened trading liquidity from its 1-for-5 share bonus issue could support a valuation rerating, says DBS Group Research's Zheng Feng Chee in a note. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999002406.SGD":"利安新加坡信托基金","F03.SI":"富旺朝","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","BK6114":"包装食品与肉类","BK6509":"食品和饮料股"},"translate_title":"食品帝国可能更强的交易流动性可能支持估值重估——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"F03.SI":1.95},"content_text":"0643 GMT - Food Empire's likely strengthened trading liquidity from its 1-for-5 share bonus issue could support a valuation rerating, says DBS Group Research's Zheng Feng Chee in a note. The analyst expects the Singapore-listed instant coffee maker to continue performing strongly thanks to favorable currency movements, stronger macroeconomic conditions in key markets and lower coffee input costs. While the bonus share issuance doesn't alter the company's fundamentals, DBS cuts its target price to S$3.05 from S$3.65 to reflect the higher number of shares. The bank maintains a buy rating. Shares fall 0.8% to S$2.49. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 04, 2026 02:43 ET (06:43 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}