Global Food, Beverage & Tobacco Undiscovered Gems With Strong Fundamentals

Imuraya Group

Market Cap: JP¥32.0b

Manufactures and sells various food products in Japan and internationally.

TSTE

Market Cap: ฿4.2b

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

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$2.3b

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

PAN Group

Market Cap: ₫6.3t

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

Taisun Enterprise

Market Cap: NT$8.9b

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

Tibet Development

Market Cap: CN¥3.1b

Engages in the production and sale of beer in China.

Kaneko Seeds

Market Cap: JP¥18.6b

Engages in the agribusiness in Japan.

Nofoth Food Products

Market Cap: ر.س1.1b

Produces and sells bakery products in Saudi Arabia.

Torigoe

Market Cap: JP¥25.9b

Manufactures and sells flours and related products in Japan.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 403.3b

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

Nestlé Pakistan

Market Cap: PK₨364.0b

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

Namibia Breweries

Market Cap: R6.0b

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

Orkla India

Market Cap: ₹96.8b

Operates as a food company, manufactures and sells spices and convenience foods in India and internationally.

Anji Foodstuff

Market Cap: CN¥3.2b

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

Seneca Foods

Market Cap: US$741.4m

Provides packaged fruits and vegetables in the United States and internationally.

Cisadane Sawit Raya

Market Cap: Rp1.7t

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

Shandong Sinoglory Health Food

Market Cap: CN¥2.6b

Manufactures soy proteins in China.

Zambia Sugar

Market Cap: K20.7b

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

Menthobi Karyatama Raya

Market Cap: Rp1.7t

Engages in the cultivation and development of palm oil plantations; and crude palm oil processing activities and related derivative products primarily in Indonesia.

Nanfang Black Sesame GroupLtd

Market Cap: CN¥4.8b

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

PINAGO UTAMA

Market Cap: Rp2.4t

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

Kanro

Market Cap: JP¥62.0b

Manufactures and sells confectionery and food products in Japan.

Shanghai Menon Animal Nutrition Technology

Market Cap: CN¥2.7b

Shanghai Menon Animal Nutrition Technology Co., Ltd.

Bull-Dog Sauce

Market Cap: JP¥24.8b

Manufactures and sells brown sauces and other seasonings in Japan.

Victorias Milling Company

Market Cap: ₱10.9b

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

British American Tobacco Uganda

Market Cap: USh736.2b

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

Qinqin Foodstuffs Group (Cayman)

Market Cap: HK$980.6m

An investment holding company, engages in manufacturing, distributing, and selling food and snacks products in the People's Republic of China.

AVT Natural Products

Market Cap: ₹11.0b

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.

Pakistan Tobacco

Market Cap: PK₨412.1b

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

Som Distilleries & Breweries

Market Cap: ₹26.5b

Manufactures and sells beer and Indian made foreign liquor in India and internationally.

GDH Supertime Group

Market Cap: CN¥6.1b

Engages in the research and development, production, and sale of malt to raw material in beer brewing in China.

Daodaoquan Grain and OilLtd

Market Cap: CN¥3.7b

Daodaoquan Grain and Oil Co.,Ltd. is engaged in an edible vegetable oil processing company in China.

Far East Holdings Berhad

Market Cap: RM 2.5b

Engages in the cultivation of oil palms in Malaysia.

Sechaba Brewery Holdings

Market Cap: P4.1b

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

Yayla Agro Gida Sanayi ve Ticaret

Market Cap: ₺12.3b

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