Global Food, Beverage & Tobacco Undiscovered Gems With Strong Fundamentals

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.س1.2b

Produces and sells bakery products in Saudi Arabia.

Segmen Kardesler Gida Üretim ve Ambalaj Sanayi Anonim Sirketi

Market Cap: ₺4.2b

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

Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺9.3b

Produces and trades in frozen and canned products in Turkey.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 260.2b

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

Ve Wong

Market Cap: NT$9.4b

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

Torigoe

Market Cap: JP¥21.8b

Manufactures and sells flours and related products in Japan.

Yukiguni Factory

Market Cap: JP¥43.4b

Manufactures and sells mushrooms and other processed food in Japan.

Taisun Enterprise

Market Cap: NT$10.6b

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

Kanro

Market Cap: JP¥61.9b

Manufactures and sells confectionery and food products in Japan.

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¥30.9b

Manufactures and sells various food products in Japan and internationally.

Standard Foods

Market Cap: NT$30.2b

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

Anji Foodstuff

Market Cap: CN¥2.7b

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

Tibet Development

Market Cap: CN¥2.2b

Engages in the production and sale of beer in China.

Shandong Sinoglory Health Food

Market Cap: CN¥2.2b

Manufactures soy proteins in China.

Nanfang Black Sesame GroupLtd

Market Cap: CN¥4.8b

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

PAN Group

Market Cap: ₫5.6t

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

Natural Food International Holding

Market Cap: HK$1.8b

An investment holding company, engages in the manufacture and sale of natural health food products in China.

Lotus Chocolate

Market Cap: ₹19.2b

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

TSTE

Market Cap: ฿4.3b

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

Nestlé Pakistan

Market Cap: PK₨318.1b

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

AB Vilkyskiu pienine

Market Cap: €136.2m

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

Wilmar Cahaya Indonesia

Market Cap: Rp1.7t

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

Teladan Prima Agro

Market Cap: Rp7.5t

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

Salim Ivomas Pratama

Market Cap: Rp6.6t

Produces and sells edible oils and fats in Indonesia, China, Singapore, Timor Leste, Nigeria, Haiti, Germany, the Philippines, Papua New Guinea, and internationally.

Victorias Milling Company

Market Cap: ₱10.3b

Operates as an integrated raw and refined sugar company in the Philippines.

Societe Ivoirienne Des Tabacs S A

Market Cap: XOF 326.8b

Operates as a subsidiary of Imperial Tobacco Group plc.

Socfinaf

Market Cap: €294.3m

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.

Elite Naturel Organik Gida Sanayi ve Ticaret

Market Cap: ₺4.5b

Elite Naturel Organik Gida Sanayi ve Ticaret A.S.

Spadel

Market Cap: €830.1m

Produces and markets natural mineral water in Belgium.

Mineralbrunnen Überkingen-Teinach GmbH KGaA

Market Cap: €135.2m

Mineralbrunnen Überkingen-Teinach GmbH & Co.

Sechaba Brewery Holdings

Market Cap: P3.8b

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

Yayla Agro Gida Sanayi ve Ticaret

Market Cap: ₺10.7b

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

Qingdao Foods

Market Cap: CN¥2.7b

Engages in the production and sale of biscuits and other baked food in China.

Organización Cultiba. de

Market Cap: Mex$7.5b

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