Global Food, Beverage & Tobacco Undiscovered Gems With Strong Fundamentals

Lotus Chocolate

Market Cap: ₹16.9b

Manufactures and sells chocolates, cocoa products, and cocoa derivatives to chocolate makers and users in India.

AB Vilkyskiu pienine

Market Cap: €129.0m

Engages in the production and sale of dairy products in Lithuania, the rest of the European Union, and internationally.

TSTE

Market Cap: ฿4.1b

Primarily engages in the production and distribution of wheat flour in Thailand.

Nestlé Pakistan

Market Cap: PK₨324.3b

Manufactures, processes, and sells dairy, nutrition, beverages, and food products in Pakistan, Afghanistan, the United States, and internationally.

Indofood Agri Resources

Market Cap: S$432.7m

Operates as a vertically integrated agribusiness company in Singapore, Indonesia, China, Nigeria, Timor Leste, and internationally.

Nofoth Food Products

Market Cap: ر.س1.3b

Produces and sells bakery products in Saudi Arabia.

Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺9.4b

Produces and trades in frozen and canned products in Turkey.

Segmen Kardesler Gida Üretim ve Ambalaj Sanayi Anonim Sirketi

Market Cap: ₺4.2b

Engages in the production and sale of food products in Turkey.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 300.8b

Engages in the manufacture and sale of beer, soft drinks, mineral water, alcomixes, and energy drink products.

Kaneko Seeds

Market Cap: JP¥15.5b

Engages in the agribusiness in Japan.

Taisun Enterprise

Market Cap: NT$9.5b

Engages in the processing, manufacturing, wholesaling, and retailing of oil, food and beverages, and flour products in Taiwan.

Zambia Sugar

Market Cap: K13.2b

Engages in growing of sugar cane in Zambia, the Democratic Republic of Congo, Kenya, and South Africa.

Imuraya Group

Market Cap: JP¥31.2b

Manufactures and sells various food products in Japan and internationally.

Kanro

Market Cap: JP¥65.4b

Manufactures and sells confectionery and food products in Japan.

Torigoe

Market Cap: JP¥20.6b

Manufactures and sells flours and related products in Japan.

Ve Wong

Market Cap: NT$9.5b

Produces and distributes foods, drinks, and seasonings in Taiwan, Thailand, and Vietnam.

Standard Foods

Market Cap: NT$29.6b

Manufactures and sells nutritious foods, edible oil, dairy products, and beverages in Taiwan and internationally.

Anji Foodstuff

Market Cap: CN¥2.6b

Engages in the research and development, production, and sale of condiments in China and internationally.

Nanfang Black Sesame GroupLtd

Market Cap: CN¥4.7b

Researches, develops, produces, and sells black sesame health products in China.

Shandong Sinoglory Health Food

Market Cap: CN¥2.3b

Manufactures soy proteins in China.

Tibet Development

Market Cap: CN¥2.2b

Engages in the production and sale of beer in China.

Natural Food International Holding

Market Cap: HK$1.7b

An investment holding company, manufactures and sells natural health food products in China.

PAN Group

Market Cap: ₫6.0t

Engages in agricultural, food, financial investment, and other related activities in Vietnam and internationally.

Teladan Prima Agro

Market Cap: Rp7.5t

Engages in managing palm oil plantations, mills, and renewable energy businesses in Indonesia.

Pakistan Tobacco

Market Cap: PK₨339.1b

Manufactures and sells, tobacco, velo, and vuse in Pakistan and internationally.

Rokiskio Suris

Market Cap: €125.7m

Engages in the production and sale of fermented cheese, whey, and skimmed milk powder products in Lithuania.

Som Distilleries & Breweries

Market Cap: ₹31.0b

Engages in the manufacture and sale of beer and Indian made foreign liquor in India.

Mineralbrunnen Überkingen-Teinach GmbH KGaA

Market Cap: €148.3m

Mineralbrunnen Überkingen-Teinach GmbH & Co.

British American Tobacco Uganda

Market Cap: USh736.2b

Engages in the importation, distribution, and sale of cigarettes in Uganda.

Sechaba Brewery Holdings

Market Cap: P3.8b

An investment holding company, manufactures, imports, markets, and distributes alcoholic and non-alcoholic beverages in Botswana.

Far East Holdings Berhad

Market Cap: RM 2.1b

Engages in the cultivation of oil palms in Malaysia.

Honeywell Flour Mills

Market Cap: ₦236.7b

Manufactures and markets wheat-based products in Nigeria.

Elite Naturel Organik Gida Sanayi ve Ticaret

Market Cap: ₺4.4b

Elite Naturel Organik Gida Sanayi ve Ticaret A.S.

Societe Ivoirienne Des Tabacs S A

Market Cap: XOF 334.0b

Operates as a subsidiary of Imperial Tobacco Group plc.

Fraser and Neave

Market Cap: S$1.9b

Engages in the food and beverage, and publishing and printing businesses in Singapore, Malaysia, Thailand, Vietnam, and internationally.

Wilmar Cahaya Indonesia

Market Cap: Rp1.7t

Produces and sells vegetable and specialty oils for the food industry in Indonesia and internationally.