Maybank Kim Eng initiated coverage of Yeo Hiap Seng Ltd with a 'buy' rating and a target price of S$2.25, on expectations of improving profitability and its exposure to the attractive food and beverage sector.
By 0201 GMT, Yeo Hiap Seng...
SINGAPORE : Singapore-listed food and beverage (F&B) manufacturer Yeo Hiap Seng has reported a 15.9 per cent fall in its second-quarter earnings, due largely to a decline in profitability in its F&B division.
The research arm of AmInvestment Bank started coverage on drinks manufacturer Yeo Hiap Seng Bhd with a "buy" call and a target price of RM3.90 (US$1.24) per share thanks to its expansion into Indonesia, Southeast Asia's largest economy.
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