FOOD EMPIRE

Food Empire's MacCoffee no.1 in Russia, Ukraine, Kazakhstan. Key markets threshold about 200 million.
2011 GDP growth, population
Russia 4.3% (142m)
Ukraine 5.2% (46m)
Kazakhstan 7.5% (16.7m)

Sept 20 data ...See the valuation gap between Food Empire and Super Group.
Obviously, Food Empire has a higher chance of moving up faster .....than Super.... because the valuation gap is likely to close.

This deal involving Viz Branz stock is going to set the benchmark for coffee players :

>> The Company has today been informed by the substantial shareholder, Mr Ben Chng Beng Beng ("CBB"), that he has disposed of 57,000,000 Shares in the capital of the Company ("Share Capital"), comprising approximately 16.06 per cent. of the entire issued and paid-up Share Capital (excluding treasury Shares), to Lam Soon Cannery Private Limited, for the aggregate sale consideration of S$41,895,000 at the sale price of S$0.735 per Share.


So, the valuation at transacted price is 15-16 X.

Food Empire will have the biggest upside from its 11X level currently.

Cheap just became cheaper @ 43 cents.

For the stock to fly to $1.00, fund managers will have to be persuaded to buy in.

Food Empire is not as well know in SG as Super Coffeemix. But that's because of the fact that Food Empire is focused on Russia, etc rather than Singapore.

In Russia, FE's MacCoffee has largely outsold the big multinationals' brands.

Yes, there is a lot of upside here for Food Empire vis-a-vis Super.

[img]images/stories/FoodEmpire/foodempire_peers10.12.jpg[/img]

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