Global Food, Beverage & Tobacco Undiscovered Gems With Strong Fundamentals

Qinqin Foodstuffs Group (Cayman)

Market Cap: HK$951.0m

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

Gokul Agro Resources

Market Cap: ₹51.3b

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

Yayla Agro Gida Sanayi ve Ticaret

Market Cap: ₺11.4b

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

Som Distilleries & Breweries

Market Cap: ₹26.6b

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

Victorias Milling Company

Market Cap: ₱11.0b

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

Daodaoquan Grain and OilLtd

Market Cap: CN¥3.7b

Operates as an oil processing company in China.

AVT Natural Products

Market Cap: ₹10.4b

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.

Qingdao Foods

Market Cap: CN¥2.9b

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

Teladan Prima Agro

Market Cap: Rp10.2t

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

Gradus AD

Market Cap: лв254.0m

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

Spadel

Market Cap: €929.7m

Produces and markets natural mineral water in Belgium.

Socfinaf

Market Cap: €442.3m

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.

Mineralbrunnen Überkingen-Teinach GmbH KGaA

Market Cap: €125.5m

Mineralbrunnen Überkingen-Teinach GmbH & Co.

Gad-Dairies (Marketing 1992)

Market Cap: ₪1.1b

Engages in the production of packaged food specializing in dairy products.

Rokiskio Suris

Market Cap: €140.1m

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

Societe Ivoirienne Des Tabacs S A

Market Cap: XOF 350.1b

Operates as a subsidiary of Imperial Tobacco Group plc.

Cakovecki mlinovi d.d

Market Cap: €181.0m

Produces and trades food products in Croatia.

Simonds Farsons Cisk

Market Cap: €179.3m

Engages in the brewing, production, and sale of beers and beverages in Malta.

Tanzania Breweries

Market Cap: TSh2.2t

Produces, distributes, and sells malt beer, non-alcoholic malt, and alcoholic fruit beverages in Tanzania.

Duncan Fox

Market Cap: CL$102.0b

Engages in the agro-industrial, hotel, and real estate businesses in Chile.

Austral GroupA

Market Cap: S/479.2m

A fishing company, produces and trades in marine based foods and ingredients in Peru and internationally.

AXYZ

Market Cap: JP¥17.8b

Engages in manufacture and sale of processed foods in Japan and internationally.

Emirates Reem Investments Company P.J.S.C

Market Cap: د.إ908.4m

Engages in the bottling, distribution, and trading of mineral water, carbonated drinks, soft drinks, juices, and evaporated milk in the United Arab Emirates, rest of the Middle East, and Africa.

Chin Teck Plantations Berhad

Market Cap: RM 1.0b

An investment holding company, cultivates oil palms in Malaysia.

Sato Foods

Market Cap: JP¥41.4b

Produces and sells packaged mochi rice cakes and packaged cooked rice in Japan.

Ceylon Beverage Holdings

Market Cap: LK₨56.7b

An investment holding company, brews and markets beers primarily in Sri Lanka.

Dmr Unlu Mamuller Uretim Gida Toptan Perakende Ihracat

Market Cap: ₺5.4b

Dmr Unlu Mamuller Uretim Gida Toptan Perakende Ihracat A.S.

Türk Tuborg Bira ve Malt Sanayii

Market Cap: ₺61.6b

Produces, sells, and distributes beer and malt in Turkey and internationally.

Sungei Bagan Rubber Company (Malaya) Berhad

Market Cap: RM 519.5m

Produces and sells fresh oil palm fruit bunches in Malaysia.

Jiangxi Sunshine Dairy

Market Cap: CN¥4.0b

Engages in the research and development, production, and sale of liquid milk, milk-containing beverages, and other products in China.

MKH Oil Palm (East Kalimantan) Berhad

Market Cap: RM 645.3m

An investment holding company, engages in the cultivation of oil palm.

Akasha Wira International

Market Cap: Rp9.3t

Engages in the manufacture and distribution of bottled drinking water, soy milk, and cosmetic products in Indonesia and internationally.

MocChau Dairy Cattle Breeding

Market Cap: ₫3.0t

Engages in raising dairy cows, and producing and selling of dairy products Vietnam.

VST Industries

Market Cap: ₹43.5b

Engages in the manufacturing, trading, and marketing of cigarettes, tobacco, and tobacco products in India and internationally.

Vadilal Industries

Market Cap: ₹39.5b

Manufactures and sells ice-cream in India and internationally.

Bukit Darah

Market Cap: LK₨121.5b

Engages in the oil palm plantation, oils and fats, beverage, portfolio and asset management, real estate, leisure, and management businesses in Sri Lanka, Malaysia, Indonesia, Singapore, and Mauritius.