Global Food, Beverage & Tobacco Undiscovered Gems With Strong Fundamentals

BAF Vietnam Agriculture

Market Cap: ₫10.6t

Engages in the agriculture, animal husbandry, and food processing businesses in Vietnam and Myanmar.

Thai Union Feedmill

Market Cap: ฿5.7b

Manufactures and distributes animal feeds in Thailand, Sri Lanka, Pakistan, Indonesia, and internationally.

Salmones Camanchaca

Market Cap: CL$233.4b

Engages in the salmon farming business in Chile.

Associated Alcohols & Breweries

Market Cap: ₹18.8b

Engages in liquor manufacturing, distillation, and bottling activities in India and internationally.

Panda Dairy

Market Cap: CN¥3.6b

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

Delegat Group

Market Cap: NZ$427.8m

Engages in the production, distribution, and sale of wine.

Nascon Allied Industries

Market Cap: ₦240.5b

Manufactures and sells refined, edible, and grade salt in Nigeria.

SunjinLtd

Market Cap: ₩275.1b

Produces and sells prepared animal feed in South Korea and internationally.

Sumber Tani Agung Resources

Market Cap: Rp10.7t

Engages in the management and cultivation of oil palm plantations and crude palm oil processed mills, and its derivative products in Indonesia, Singapore, and internationally.

Distilleries Company of Sri Lanka

Market Cap: LK₨213.9b

Engages in the distillation, manufacture, and distribution of liquor products in Sri Lanka.

Sariguna Primatirta

Market Cap: Rp13.1t

Produces and sells beverage products in Indonesia.

YouYou Foods

Market Cap: CN¥5.9b

Provides food products in China.

Guilin Layn Natural Ingredients

Market Cap: CN¥6.0b

Produces and sells plant extracts and natural flavors in China and internationally.

Yantai North Andre JuiceLtd

Market Cap: HK$15.4b

Engages in the production and sale of fruit and vegetable juices in China.

Nusantara Sawit Sejahtera

Market Cap: Rp10.2t

Engages in the palm oil plantation business in Indonesia.

Shandong Xiantan

Market Cap: CN¥5.4b

Engages in breeder breeding, chick hatching, feed processing, broiler breeding, and slaughtering businesses primarily in China.

Valsoia

Market Cap: €126.1m

Provides valid dietary and nutritional solutions for health and wellbeing in Italy.

Midsona

Market Cap: SEK 1.2b

A consumer goods company, provides organic and consumer health products, and health food products in Sweden, Denmark, Finland, Norway, France, Spain, Germany, Rest of Europe, and internationally.

TH Plantations Berhad

Market Cap: RM 455.2m

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

Dutch Lady Milk Industries Berhad

Market Cap: RM 1.8b

A dairy company, produces and distributes various dairy products primarily in Malaysia.

Délice Holding

Market Cap: د.ت1.3b

Engages in the dairy products business in Tunisia.

Melstacorp

Market Cap: LK₨191.4b

Operates as a diversified conglomerate company in Sri Lanka, Maldives, and internationally.

Mutandis

Market Cap: د.م2.8b

Engages in the provision of various consumer goods in Morocco and Africa.

Food Moments

Market Cap: ฿3.8b

Engages in the production and sale of butchered chicken and processed chicken products in Thailand.

Lesieur Cristal

Market Cap: د.م8.3b

Produces and distributes oils, soaps, and hygiene products in Morocco.

Göknur Gida Maddeleri Enerji Imalat Ithalat Ihracat Ticaret ve Sanayi Anonim Sirketi

Market Cap: ₺8.5b

Operates as a fruit and vegetable concentrate company in Turkey.

Yoshimura Food Holdings K.K

Market Cap: JP¥21.5b

Manufactures and sells food products in Japan.

Shandong Sanyuan BiotechnologyLtd

Market Cap: CN¥6.2b

Engages in the research and development, production, and sale of erythritol and compound sugar products in China.

Hup Seng Industries Berhad

Market Cap: RM 744.0m

An investment holding company, manufactures and sells biscuits and coffee mix in Malaysia and internationally.

Benso Oil Palm Plantation

Market Cap: GH₵1.2b

Engages in the production of palm oil primarily in Ghana.

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas

Market Cap: R$2.1b

Engages in the acquisition, development, exploration, and sale of agricultural activities in Brazil, Paraguay, and Bolivia.

FuJian YanJing HuiQuan BreweryLtd

Market Cap: CN¥3.0b

Produces and sells beer under the Huiquan brand in China.

Okamura Foods

Market Cap: JP¥58.7b

Okamura Foods Co., Ltd. farms, produces, and sells salmon trout in Japan and internationally.

Dalmia Bharat Sugar and Industries

Market Cap: ₹30.3b

Engages in the sugar business in India and internationally.

Sunshine Holdings

Market Cap: LK₨60.0b

Engages in the healthcare, agribusiness, and consumer goods business in Sri Lanka, China, Japan, and internationally.

IMC

Market Cap: zł983.4m

Operates as an integrated agricultural company in Ukraine and internationally.