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Sunday, May 10, 2020

Food empire

Chart wise, looks bullish!
A nice breakout of 54.5 cents would likely see further upwards movements towards 60 cents and beyond!



Everyday stay at home, the consumption of 3 in 1 coffee powder is running out fast. I guess business would likely be quite good for this company.

Pls dyodd.

Chart wise, looks like having a temporary rebound after touching the low of 41.5 cents.


The current price of 52.5 cents is trading at PE of 7.5x looks pretty undervalued.


Short term wise, a breakout of the recent high of 56 cents would likely drive the price higher towards 60 then 70.


Dividend of 2 cents XD on 30 April.


Not a call to buy or sell.
Pls dyodd.


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