Global Food, Beverage & Tobacco Undervalued based on future growth

Mowi

Market Cap: NOK 95.6b

A seafood company, farms, produces, and supplies Atlantic salmon products worldwide.

Coca-Cola Içecek Anonim Sirketi

Market Cap: ₺150.0b

Engages in the production, sales, and distribution of sparkling and still beverages in Turkey, Pakistan, Central Asia, and the Middle East.

Indofood Sukses Makmur

Market Cap: Rp63.7t

Operates as a food solutions company in Indonesia, the Middle East, Africa, rest of Asia, internationally.

P/F Bakkafrost

Market Cap: NOK 29.7b

Produces and sells salmon products in North America, Western Europe, Eastern Europe, Asia, and internationally.

First Pacific

Market Cap: HK$21.4b

An investment holding company, engages in the consumer food products, telecommunications, infrastructure, and natural resources businesses in the Philippines, Indonesia, Singapore, the Middle East, Africa, and internationally.

Cofco Sugar HoldingLTD

Market Cap: CN¥20.1b

Engages in the sugar and tomato processing activities in China and internationally.

Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi

Market Cap: ₺100.5b

Engages in the production, bottling, distribution, and sale of beer, malt, and non-alcoholic beverages in Turkey and internationally.

CJ Cheiljedang

Market Cap: ₩3.8t

Engages food and bio businesses in South Korea and internationally.

Lerøy Seafood Group

Market Cap: NOK 26.3b

Produces, processes, markets, sells, and distributes seafood products worldwide.

Premium Brands Holdings

Market Cap: CA$3.5b

Through its subsidiaries, manufactures and distributes food products primarily in Canada, the United States, Asia, and internationally.

Golden Agri-Resources

Market Cap: S$3.0b

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

Dekon Food and Agriculture Group

Market Cap: HK$16.1b

Engages in the livestock and poultry breeding and farming businesses.

Eastern CompanyE

Market Cap: ج.م102.4b

Manufactures and sells tobacco products in Egypt and internationally.

Bombay Burmah Trading Corporation

Market Cap: ₹133.0b

Engages in the tea and coffee plantations, auto electric components, healthcare, and real estate businesses in India and internationally.

SLC Agrícola

Market Cap: R$8.8b

Produces and sells agricultural products in Brazil and internationally.

Leshan Giantstar Farming&Husbandry

Market Cap: CN¥10.8b

Engages in livestock and poultry breeding in China.

Yunnan Energy Investment

Market Cap: CN¥10.5b

Manufactures and sells various salt products in China.

Três Tentos Agroindustrial S/A

Market Cap: R$8.1b

Operates in the agribusiness sector in Brazil.

AlicorpA

Market Cap: S/5.1b

Provides massive consumption and B2B products in Peru and internationally.

Japfa Comfeed Indonesia

Market Cap: Rp20.1t

Operates as an agri-food company in Indonesia.

São Martinho

Market Cap: R$6.6b

Engages in the production and sale of sugar, ethanol, and other sugarcane byproducts in Brazil.

Gudang Garam

Market Cap: Rp19.0t

Engages in the manufacture and sale of cigarettes in Indonesia and internationally.

East African Breweries

Market Cap: KSh134.3b

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

Savencia

Market Cap: €880.0m

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

Sawit Sumbermas Sarana

Market Cap: Rp16.0t

Produces and sells crude palm oil, its derivatives, fresh fruit bunches FFB, palm kernel oil, and palm kernel in Indonesia and internationally.

Grupo Herdez. de

Market Cap: Mex$17.6b

A food company, provides processed food in Mexico and internationally.

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.

Thaifoods Group

Market Cap: ฿29.3b

Engages in the production and distribution of chicken and swine products in Thailand.

COFCO Joycome Foods

Market Cap: HK$6.7b

An investment holding company, engages in the production and sales of hog, and livestock slaughtering businesses in Mainland China.

Ultrajaya Milk Industry & Trading

Market Cap: Rp14.3t

Operates in the food and beverage industry in Indonesia.

Xinjiang GuannongLtd

Market Cap: CN¥5.8b

Engages in manufacturing, processing, trades, and selling agricultural products in China.

Elders

Market Cap: AU$1.2b

Provides agricultural products and services to rural and regional customers primarily in Australia.

Lotte Chilsung Beverage

Market Cap: ₩1.1t

Develops, manufactures, and sells soft drinks, liquor, fruit/vegetable drinks, grain drinks, food, and other beverages in South Korea.

Lotte WellfoodLtd

Market Cap: ₩1.0t

Manufactures and sells various confectionery products in South Korea and internationally.

MGP Ingredients

Market Cap: US$616.2m

Produces and supplies distilled spirits, branded spirits, and food ingredients worldwide.

Zhejiang Huakang Pharmaceutical

Market Cap: CN¥4.4b

Zhejiang Huakang Pharmaceutical Co., Ltd.