Global Food, Beverage & Tobacco Undiscovered Gems With Strong Fundamentals

National Foods

Market Cap: PK₨90.5b

Manufactures and sells convenience based food products in Pakistan.

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

Market Cap: ₺8.0b

Manages and processes fruits and vegetables in Turkey.

Dutch Lady Milk Industries Berhad

Market Cap: RM 1.7b

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

TH Plantations Berhad

Market Cap: RM 472.9m

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

Melstacorp

Market Cap: LK₨220.8b

Operates in the beverages, tourism, maritime, freight and logistics, investment, plantation, and service and financial service businesses in Sri Lanka, Maldives, and internationally.

Food Moments

Market Cap: ฿3.7b

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

Floridienne

Market Cap: €592.6m

Through its subsidiaries, operates in the life sciences, food, and chemistry sectors in Belgium and internationally.

IMC

Market Cap: zł919.5m

Operates as an integrated agricultural company in Ukraine and internationally.

Fresh Del Monte Produce

Market Cap: US$1.8b

Through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Central America, South America, Europe, the Middle East, Africa, Asia, and internationally.

Jiangxi Huangshanghuang Group Food

Market Cap: CN¥7.0b

Develops, produces, and sells braised meat products in China.

Benso Oil Palm Plantation

Market Cap: GH₵1.4b

Engages in the production of palm oil primarily in Ghana.

Dalmia Bharat Sugar and Industries

Market Cap: ₹25.7b

Engages in the sugar business in India and internationally.

Olympic Industries

Market Cap: ৳28.1b

Manufactures, markets, distributes, and sells dry cell batteries, biscuits, candies, and confectionary items in Bangladesh and internationally.

Hup Seng Industries Berhad

Market Cap: RM 800.0m

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

Okamura Foods

Market Cap: JP¥59.7b

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

FuJian YanJing HuiQuan BreweryLtd

Market Cap: CN¥2.9b

Produces and sells beer under the Huiquan brand in China.

Sipef

Market Cap: €814.6m

Operates as an agro-industrial company.

Exotic Food

Market Cap: ฿6.3b

Manufactures and distributes various food products in Europe, the United States, and internationally.

East African Breweries

Market Cap: KSh193.0b

Engages in the brewery, production, importation, marketing, distribution, and sale of beer, spirits, adult non-alcoholic drinks, and malt and barley products in Kenya, Uganda, and Tanzania.

Cairo Poultry CompanyE

Market Cap: ج.م12.8b

Operates as an integrated poultry company in Egypt.

Ricegrowers

Market Cap: AU$1.0b

Operates as a rice food company in Australia, New Zealand, the Pacific Islands, Europe, the Middle East, Africa, Asia, and North America.

Greencore Group

Market Cap: UK£977.3m

Manufactures and sells convenience food products in the United Kingdom and Ireland.

Astarta Holding

Market Cap: zł1.1b

Through its subsidiaries, engages in the sugar production, crop growing, soybean processing, and cattle farming businesses in Ukraine, Europe, Asia, and internationally.

Qingdao Richen FoodLtd

Market Cap: CN¥3.6b

Engages in the research and development, production, and sale of compound seasoning and condiments for food processing and catering companies in China.

Able Global Berhad

Market Cap: RM 513.6m

An investment holding company, manufactures and sells tin cans and dairy products in Africa, Asia, Central America, North America, South America, Mexico, Malaysia, and internationally.

Nam Viet

Market Cap: ₫7.2t

Engages in seafood processing in Vietnam and internationally.

Presco

Market Cap: ₦1.5t

Engages in the oil palm plantations development, palm oil milling, palm kernel processing, and vegetable oil refining businesses in Nigeria and Ghana.

A'Saffa Foods SAOG

Market Cap: ر.ع57.5m

Manufactures and distributes poultry meat in the Sultanate of Oman.

Morinaga&Co

Market Cap: JP¥227.5b

Manufactures, purchases, and sells confectionaries, food, frozen desserts, and health products in Japan and internationally.

Xiamen Yan Palace Bird's Nest Industry

Market Cap: HK$3.2b

Engages in the research, development, production, and marketing of edible bird’s nest (EBN) products to distributors, e-commerce platforms, and retail customers in the People’s Republic of China.

Taokaenoi Food & Marketing

Market Cap: ฿6.4b

Manufactures and distributes fried, grilled, and baked seaweed and seaweed snacks.

Asian Alliance International

Market Cap: ฿10.7b

Produces and sells pet food and ready-to-eat human food products in Thailand, the United States, the United Kingdom, Thailand, the Kingdom of Saudi Arabia, Japan, Italy, Germany, and internationally.

What's Cooking Group

Market Cap: €204.2m

Produces and sells meat products and ready meals.

RFG Holdings

Market Cap: R5.6b

Manufactures and markets convenience meal solutions in South Africa, the Kingdom of Eswatini, and internationally.

Okomu Oil Palm

Market Cap: ₦1.1t

Engages in the cultivation and plantation of oil palm and rubber in Nigeria.

United Malacca Berhad

Market Cap: RM 1.2b

An investment holding company, engages in the palm oil cultivation, palm oil milling, and agroforestry plantation businesses in Malaysia and Indonesia.