Singaporean Food, Beverage & Tobacco Potentially Undervalued Companies

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.

Bumitama Agri

Market Cap: S$1.4b

An investment holding company, engages in the production of crude palm oil (CPO) and palm kernel (PK) in Indonesia.

Japfa

Market Cap: S$1.2b

An agri-food company, produces and sells protein staples, and packaged food products in Indonesia, Vietnam, India, Myanmar, and internationally.

Thai Beverage

Market Cap: S$12.6b

Produces and distributes alcoholic and non-alcoholic beverages, and food products in Thailand, Vietnam, Malaysia, Myanmar, Singapore, and internationally.

Golden Agri-Resources

Market Cap: S$3.1b

An investment holding company, operates as an integrated palm oil plantation company in Europe, China, India, Pakistan, the Middle East, and the United States.

China Kangda Food

Market Cap: S$24.9m

An investment holding company, produces, processes, sells, and distributes food products in the People’s Republic of China.

Indofood Agri Resources

Market Cap: S$446.7m

Operates as a vertically integrated agribusiness company in Singapore, Indonesia, China, Nigeria, Timor Leste, Germany, the Philippines, Myanmar, and internationally.

Kencana Agri

Market Cap: S$25.8m

Operates as a plantation company in Indonesia, Malaysia, and internationally.

Zixin Group Holdings

Market Cap: S$42.9m

An investment holding company, engages in the research and development, cultivation, production, supply, and sale of sweet potato snack food products in the People’s Republic of China.

Del Monte Pacific

Market Cap: S$126.4m

An investment holding company, manufactures, processes, markets, and distributes food, beverages, and other related products in the Americas, the Asia Pacific, and Europe.

Wilmar International

Market Cap: S$19.3b

Operates as an agribusiness company in the People's Republic of China, South East Asia, India, Europe, Australia, New Zealand, Africa, and internationally.

Old Chang Kee

Market Cap: S$104.4m

An investment holding company, engages in the manufacture and distribution of food products under the Old Chang Kee brand in Singapore, Australia, and Malaysia.

TSH Resources Berhad

Market Cap: S$1.4b

An investment holding company, primarily engages in oil palm cultivation and processing, and forest plantation activities in Malaysia, Indonesia, Southwest Pacific, the United States, and internationally.

Fraser and Neave

Market Cap: S$1.7b

Engages in the food and beverage, and publishing and printing businesses in Singapore, Malaysia, Thailand, Vietnam, and internationally.

Delfi

Market Cap: S$430.9m

An investment holding company, manufactures, markets, distributes, and sells chocolate, chocolate confectionery, and consumer products in Indonesia, Philippines, Malaysia, Singapore, and internationally.

Food Empire Holdings

Market Cap: S$700.8m

An investment holding company, operates as a food and beverage manufacturing and distribution company in Russia, Ukraine, Kazakhstan and CIS markets, South-East Asia, South Asia, and internationally.

QAF

Market Cap: S$491.9m

An investment holding company, engages in the manufacture and distribution of bread, bakery, and confectionery products in Singapore, Australia, the Philippines, Malaysia, and internationally.