One-Stop Financial Services, uSMART Securities Pte Ltd

uSMART Securities

One-Stop Financial Services

uSMART Securities Pte Ltd

uSMART Securities (Singapore) Pte. Ltd (uSMART SG),is a leading securities company regulated by MAS and we hold a Capital Markets Services (CMS) License under the Securities and Futures Act 2001. We provide smart, professional and outstanding one-stop financial services to our clients, to best serve investors' needs and investment journey.

Equity Bottom-Up

<ul>
<li>Food Empire Holdings Ltd generates over 70% of revenue from instant beverages like instant coffee and instant tea amongst others.</li>
<li>The Group is positioning themselves to capture the growing consumer instant beverage sector in Southeast Asia (SEA) region, with initial success witnessed in Vietnam through their brand – CafePHO, making SEA their fastest growing region, all while continuous improving revenue in all other key regions such as Russia, CIS region and South Asia.</li>
<li>Total revenue rose 11.9% year on year from USD 425mn in 2023 to USD 476mn in full year 2024.</li>
</ul>


Food Empire Holdings Ltd generates over 70% of revenue from instant beverages like instant coffee and instant tea amongst others.
The Group is positioning themselves to capture the growing consumer instant beverage sector in Southeast Asia (SEA) region, with initial success witnessed in Vietnam through their brand – CafePHO, making SEA their fastest growing region, all while continuous improving revenue in all other key regions such as Russia, CIS region and South Asia.
Total revenue rose 11.9% year on year from USD 425mn in 2023 to USD 476mn in full year 2024.


SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

<ul><li>Institutions were net sellers of Singapore stocks with a net outflow of S$592 million from Sep 19 to 25.</li><li>Food Empire Holdings raised S$42.8 million by placing 17 million treasury shares at S$2.52 each on Sep 24.</li><li>Prime US REIT launched a private placement to raise at least US$25 million, issuing new units at US$0.1935.</li></ul>

Institutions were net sellers of Singapore stocks with a net outflow of S$592 million from Sep 19 to 25.Food Empire Holdings raised S$42.8 million by placing 17 million treasury shares at S$2.52 each on Sep 24.Prime US REIT launched a private placement to raise at least US$25 million, issuing new units at US$0.1935.

External broker reports(aggregated public sources), KGI Securities Singapore

KGI Securities

External broker reports(aggregated public sources)

KGI Securities Singapore

We are a pioneer Securities & Derivatives, Trading and Clearing Member of Singapore Exchange as well as a pioneer member of ICE Futures Singapore & ICE Clear Singapore. We offer our valued clients round the clock (24 hour) single-touch point for multi-asset clients and 24 hour high-touch desk for global products. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Continued strong growth in South-East Asia and South Asia.</li><li>Food Empire Holdings saw a sustained increase in sales across its core markets in FY24, showcasing a resilient consumer demand for the company’s products, which saw volume growth YoY, especially in the Southeast Asia and South Asia regions.</li><li>The group continues to reap the benefits of its brand-building efforts in Vietnam, increasing its market share across the Vietnamese market. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Continued strong growth in South-East Asia and South Asia.Food Empire Holdings saw a sustained increase in sales across its core markets in FY24, showcasing a resilient consumer demand for the company’s products, which saw volume growth YoY, especially in the Southeast Asia and South Asia regions.The group continues to reap the benefits of its brand-building efforts in Vietnam, increasing its market share across the Vietnamese market. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Food Empire Holdings Ltd. (FEH SP): Continued Growth Amidst Rising Coffee Prices.

Food Empire Holdings Ltd. (FEH SP/ F03.SI): Continued Growth Amidst Rising Coffee Prices.

Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul>
<li>OCBC raises UOL's target price by 16% as Sora declines.   </li>
<li>Analysts lower target prices for Frencken after 3QFY2025 update.</li>
<li>Food Empire's shares may exceed $3 after record revenue; TP raised to $3.18.</li>
</ul>


OCBC raises UOL's target price by 16% as Sora declines.   
Analysts lower target prices for Frencken after 3QFY2025 update.
Food Empire's shares may exceed $3 after record revenue; TP raised to $3.18.


Singapore Market Roundup (18-Nov-2025): OCBC boosts UOL target price by 16% amid Sora drop.

Singapore

Food Empire Holdings Limited manufactures and markets instant beverage products, frozen convenience food, confectionery and snack food. The Company exports its products to markets such as Russia, Eastern Europe, Central Asia, the Middle East and Indochina.

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Food Empire Holdings (FEH SP)

Food Empire Initiation

Food Empire Holdings Ltd generates over 70% of revenue from instant beverages like instant coffee and instant tea amongst others.

uSMART Securities

Food Empire Holdings Ltd. (FEH SP): Continued Growth Amidst Rising Coffee Prices.

Food Empire Holdings saw a sustained increase in sales across its core markets in FY24, showcasing a resilient consumer demand for the company’s...

KGI Securities

Food Empire Holdings Ltd. (FEH SP/ F03.SI): Continued Growth Amidst Rising Coffee Prices.

Food Empire Holdings saw a sustained increase in sales across its core markets in FY24, showcasing a resilient consumer demand for the company’s...

KGI Securities

Singapore Market Roundup (18-Nov-2025): OCBC boosts UOL target price by 16% amid Sora drop.

OCBC raises UOL's target price by 16% amid Sora decline. Analysts cut Frencken's target after 3QFY2025. Food Empire's TP raised to $3.18, shares...

Singapore Market Roundup

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Food Empire Initiation

Food Empire Holdings Ltd generates over 70% of revenue from instant beverages like instant coffee and instant tea amongst others.

uSMART Securities

Rising Spotlight on Share Placements

Institutions were net sellers of Singapore stocks with a net outflow of S$592 million from Sep 19 to 25. Food Empire Holdings raised S$42.8...

Singapore Exchange Ltd (SGX)

Food Empire Holdings Ltd. (FEH SP): Continued Growth Amidst Rising Coffee Prices.

Food Empire Holdings saw a sustained increase in sales across its core markets in FY24, showcasing a resilient consumer demand for the company’s...

KGI Securities

Food Empire Holdings Ltd. (FEH SP/ F03.SI): Continued Growth Amidst Rising Coffee Prices.

Food Empire Holdings saw a sustained increase in sales across its core markets in FY24, showcasing a resilient consumer demand for the company’s...

KGI Securities

Singapore Market Roundup (18-Nov-2025): OCBC boosts UOL target price by 16% amid Sora drop.

OCBC raises UOL's target price by 16% amid Sora decline. Analysts cut Frencken's target after 3QFY2025. Food Empire's TP raised to $3.18, shares...

Singapore Market Roundup