Global Food, Beverage & Tobacco Undiscovered Gems With Strong Fundamentals

Nascon Allied Industries

Market Cap: ₦191.9b

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

Okomu Oil Palm

Market Cap: ₦753.6b

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

Sakata Seed

Market Cap: JP¥149.2b

Produces and sells vegetable and flower seeds, bulbs, plants, and agricultural and horticultural supplies in Japan and internationally.

Savencia

Market Cap: €833.8m

Produces, distributes, and markets dairy and cheese products in France, rest of Europe, and internationally.

United Malacca Berhad

Market Cap: RM 1.1b

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

Ceylon Tobacco

Market Cap: LK₨273.5b

Manufactures, markets, and sells cigarettes in Sri Lanka.

Sariguna Primatirta

Market Cap: Rp14.5t

Produces and sells beverage products in Indonesia.

Mission Produce

Market Cap: US$836.8m

Engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, wholesalers, and foodservice customers in the United States and internationally.

Scales

Market Cap: NZ$704.3m

Engages in manufacturing and trading of food ingredients in New Zealand, Asia, Europe, North America, and internationally.

SPC Samlip

Market Cap: ₩457.1b

Provides various food products in South Korea.

Thai Vegetable Oil

Market Cap: ฿19.0b

Together with its subsidiary, Prodigy Public Company Limited, manufactures and distributes soy meal and soybean oil in Thailand and internationally.

Dharma Satya Nusantara

Market Cap: Rp8.3t

Operates in the palm oil and wood product business in Indonesia.

Juhayna Food IndustriesE

Market Cap: ج.م25.6b

Engages in producing, manufacturing, processing, and packaging of dairy products, juices, and cooking products in Egypt.

Sanford

Market Cap: NZ$537.7m

Engages in the farming, harvesting, processing, storage, and marketing of seafood products.

Olympic Industries

Market Cap: ৳30.7b

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

Baolingbao BiologyLtd

Market Cap: CN¥4.4b

Researches and develops, manufactures, and sells a range of functional sugars in China.

National Agricultural Development

Market Cap: ر.س6.4b

Engages in production of agricultural and livestock products in the Kingdom of Saudi Arabia and internationally.

First Resources

Market Cap: S$2.3b

An investment holding company, engages in the palm oil production activities in Singapore, Indonesia, Europe, China, Malaysia, and internationally.

Raisio

Market Cap: €389.7m

Produces and sells food and food ingredients in Finland, the United Kingdom, Ireland, Belgium, and the Netherlands.

China Foods

Market Cap: HK$8.6b

An investment holding company, manufactures, distributes, markets, and sells Coca-Cola series products in the People’s Republic of China.

Calavo Growers

Market Cap: US$479.6m

Calavo Growers, Inc. markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery, foodservice, club stores, mass merchandisers, food distributors, and wholesale customers worldwide.

Lifedrink Company

Market Cap: JP¥108.0b

Manufactures and sells beverages in Japan.

Dodla Dairy

Market Cap: ₹86.7b

Engages in the production and sale of milk and value-added dairy products in India and internationally.

Taokaenoi Food & Marketing

Market Cap: ฿7.1b

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

Mulia Boga Raya

Market Cap: Rp3.2t

Produces and sells cheese and mayonnaise for salad dressing under the Prochiz brand name in Indonesia.

RFG Holdings

Market Cap: R4.4b

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

ARIAKE JAPAN

Market Cap: JP¥209.9b

Manufactures, processes, and sells natural seasoning products with extracts from chicken, pork, beef, and other fresh livestock ingredients.

Viña Concha y Toro

Market Cap: CL$781.9b

Produces, distributes, stores, transports, and sells wines in Chile, Argentina, and the United States.

Heritage Foods

Market Cap: ₹46.0b

Heritage Foods Limited procures and processes milk and milk products in India.

Premier Group

Market Cap: R18.2b

Operates as a consumer-packaged goods company in South Africa and internationally.

Astra Agro Lestari

Market Cap: Rp11.1t

Engages in the crude palm oil and related derivatives business in Indonesia.

Kuaijishan Shaoxing Rice Wine

Market Cap: CN¥9.6b

Produces, processes, and sells rice wine in China and internationally.

Anpario

Market Cap: UK£85.9m

Engages in the manufacturer of natural sustainable feed additives for animal health, nutrition, and biosecurity.

Olvi Oyj

Market Cap: €694.5m

A beverage company, manufactures and sells alcoholic and non-alcoholic beverages in Finland, Estonia, Latvia, Lithuania, Denmark, and Belarus.

Ausnutria Dairy

Market Cap: HK$3.6b

An investment holding company, primarily engages in the research and development, production, marketing, processing, packaging, and distribution of dairy and related products, and nutrition products.

Cobram Estate Olives

Market Cap: AU$875.6m

Engages in olive farming and the production and marketing of olive oil in Australia, the United States, and internationally.