Global Food, Beverage & Tobacco Undiscovered Gems With Strong Fundamentals

Namibia Breweries

Market Cap: R6.0b

Engages in brewing and distribution of alcoholic beverages, and manufacture of soft drinks in Namibia and South Africa.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 315.8b

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

PINAGO UTAMA

Market Cap: Rp2.8t

Engages in the oil palm and rubber plantation business in Indonesia.

Dn Agrar Group

Market Cap: RON 447.1m

Engages in the production of cow milk.

Cisadane Sawit Raya

Market Cap: Rp2.1t

Engages in the oil palm plantation business in Indonesia and internationally.

Shandong Sinoglory Health Food

Market Cap: CN¥2.3b

Manufactures soy proteins in China.

Imuraya Group

Market Cap: JP¥31.8b

Manufactures and sells various food products in Japan and internationally.

Zambia Sugar

Market Cap: K19.0b

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

YuanShengTai Dairy Farm

Market Cap: HK$1.2b

A dairy farming company, engages in the production and sale of raw cow milk in the People’s Republic of China.

Natural Food International Holding

Market Cap: HK$2.5b

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

Nofoth Food Products

Market Cap: ر.س1.1b

Produces and sells bakery products in Saudi Arabia.

PAN Group

Market Cap: ₫6.7t

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

Nestlé Pakistan

Market Cap: PK₨368.8b

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

Torigoe

Market Cap: JP¥25.3b

Manufactures and sells flours and related products in Japan.

Anji Foodstuff

Market Cap: CN¥2.8b

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

Nanfang Black Sesame GroupLtd

Market Cap: CN¥4.6b

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

Kanro

Market Cap: JP¥76.7b

Manufactures and sells confectionery and food products in Japan.

Kaneko Seeds

Market Cap: JP¥19.8b

Engages in the agribusiness in Japan.

Tibet Development

Market Cap: CN¥3.0b

Engages in the production and sale of beer in China.

TSTE

Market Cap: ฿4.2b

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

Taisun Enterprise

Market Cap: NT$9.2b

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

Gradus AD

Market Cap: лв254.0m

Produces and sells poultry products in Bulgaria, Europe, and internationally.

Spadel

Market Cap: €1.0b

Produces and markets natural mineral water in Belgium.

Socfinaf

Market Cap: €445.9m

Through its subsidiaries, primarily engages in the production, processing, and sale of palm oil in Sierra Leone, Liberia, Côte d'Ivoire, Ghana, Nigeria, Cameroon, São Tomé and Principe, Congo, and Europe.

Honeywell Flour Mills

Market Cap: ₦175.7b

Manufactures and markets wheat-based products in Nigeria.

Sechaba Brewery Holdings

Market Cap: P4.1b

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

Societe Ivoirienne Des Tabacs S A

Market Cap: XOF 351.0b

Operates as a subsidiary of Imperial Tobacco Group plc.

Seed Co International

Market Cap: P1.4b

Engages in the processing of agricultural seeds in Botswana, Mozambique, South Africa, Angola, the Democratic Republic of Congo, Malawi, Zambia, Nigeria, Ethiopia, Kenya, Rwanda, and Tanzania.

Yayla Agro Gida Sanayi ve Ticaret

Market Cap: ₺10.3b

Produces and sells various food and grains in Turkey and internationally.

Organización Cultiba. de

Market Cap: Mex$7.1b

Produces, distributes, and sells beverages in Mexico and internationally.

Mineralbrunnen Überkingen-Teinach GmbH KGaA

Market Cap: €134.7m

Mineralbrunnen Überkingen-Teinach GmbH & Co.

Ganesh Consumer Products

Market Cap: ₹11.7b

Operates as a fast-moving consumer goods company in India.

Gozco Plantations

Market Cap: Rp2.2t

Processes, produces, and distributes crude palm oil/vegetable oil and palm kernel in Indonesia.

Gokul Agro Resources

Market Cap: ₹50.6b

Engages in the manufacture and trading of edible and non-edible oils, meals, and other agro products in India.

Far East Holdings Berhad

Market Cap: RM 2.4b

Engages in the cultivation of oil palms in Malaysia.

AVT Natural Products

Market Cap: ₹10.3b

Engages in the production, trading, and distribution of oleoresins, and value-added tea and animal nutritional products in India, Europe, the United States, and internationally.