Food Empire

Food Empire: OSK DMG hosted Food Empire for a roadshow in Singapore. House pleasantly surprised that management appears to be most bullish in terms of top-line expectations going forward. House have been forecasting mid-single digit growth vs 20-25% in terms of their new targets. Note that backward integration plans in terms of the upcoming non dairy creamer plant and potato chips plant (which will be located in Iskandar, Malaysia) are on track and should commence production in 3Q2013.