Global Food, Beverage & Tobacco Undervalued over 20% based on DCF

British American Tobacco (Malaysia) Berhad

Market Cap: RM 1.4b

Engages in the manufacture, sale, marketing and importation of cigarettes, pipe tobaccos, cigars, devices, other tobacco products, and nicotine products in Malaysia.

British American Tobacco Kenya

Market Cap: KSh43.5b

Engages in the manufacture and sale of tobacco and tobacco free oral nicotine pouches in Kenya and internationally.

Marudai Food

Market Cap: JP¥48.0b

Manufactures and sells hams and sausages, cooked processed food, and meat products in Japan and internationally.

Ve Wong

Market Cap: NT$9.6b

Produces and distributes foods, drinks, and seasonings in Taiwan, Thailand, and Vietnam.

SPC Samlip

Market Cap: ₩436.1b

Provides various food products in South Korea.

Rafhan Maize Products

Market Cap: PK₨89.3b

Manufactures and sells industrial products in Pakistan and internationally.

Bajaj Hindusthan Sugar

Market Cap: ₹27.5b

Manufactures and sells sugar and alcohol in India.

Asian Alliance International

Market Cap: ฿10.1b

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.

NSL Foods

Market Cap: ฿10.1b

Engages in the manufacture and distribution of bakery and snack products in Thailand.

Sanford

Market Cap: NZ$520.8m

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

Hanoi Beer Alcohol and Beverage

Market Cap: ₫7.9t

Engages in the production and sale of beer, fermenting malt, spirits, non-alcoholic beverages, and mineral water.

Mutandis

Market Cap: د.م2.7b

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

Univanich Palm Oil

Market Cap: ฿9.6b

Engages in the oil palm plantations, crushing mills, and oil palm research and seed businesses in Thailand and the Philippines.

Kerur Holdings

Market Cap: ₪995.4m

Through its subsidiaries, operates in the food sector in Israel.

Srinanaporn Marketing

Market Cap: ฿9.3b

Engages in the manufacture and distribution of snacks and beverages in Thailand.

Nippon Indosari Corpindo

Market Cap: Rp4.6t

Engages in the bakery and cakes business in Indonesia.

Tunas Baru Lampung

Market Cap: Rp4.5t

Primarily manufactures and sells vegetable cooking oils in Indonesia.

Balady Poultry

Market Cap: ر.س985.5m

Produces poultry products in the Kingdom of Saudi Arabia, other GCC countries, and internationally.

Sato Foods

Market Cap: JP¥36.9b

Produces and sells packaged mochi rice cakes and packaged cooked rice in Japan.

Exotic Food

Market Cap: ฿7.8b

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

R&B Food Supply

Market Cap: ฿7.6b

Manufactures and trades in bread products, colours, fragrances, and chemicals that are used in food, beverage, and consumer product industries in Thailand.

RFG Holdings

Market Cap: R4.1b

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

HARIM

Market Cap: ₩318.6b

A chicken-specialized company, engages in the broiler processing and feed manufacturing business in South Korea.

Delegat Group

Market Cap: NZ$384.3m

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

Salmones Camanchaca

Market Cap: CL$218.3b

Engages in the salmon farming business in Chile.

Iwatsuka Confectionery

Market Cap: JP¥31.2b

Manufactures and sells rice crackers in Japan.

Neto M.E Holdings

Market Cap: ₪705.0m

Produces, processes, imports, markets, and distributes a range of food products in Israel.

SunjinLtd

Market Cap: ₩282.7b

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

Thai Union Feedmill

Market Cap: ฿6.4b

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

Mayagüez

Market Cap: Col$719.6b

Engages as an agro-industrial business in Colombia.

Benchmark Holdings

Market Cap: UK£132.3m

Engages in the provision of technical services, products, and specialist knowledge that supports the development of food and farming industries.

AGV Products

Market Cap: NT$5.3b

Engages in the manufacture, processing, and sale of canned food in Taiwan and Mainland China.

West Indian Tobacco

Market Cap: TT$1.1b

Manufactures and sells nicotine products primarily in Trinidad and Tobago, and Caricom markets.

Chaman Lal Setia Exports

Market Cap: ₹14.6b

Engages in the manufacture, trading, and marketing of rice in India.

Atakey Patates Gida Sanayi ve Ticaret

Market Cap: ₺6.6b

Atakey Patates Gida Sanayi ve Ticaret A.S.

DCM Shriram Industries

Market Cap: ₹14.1b

Engages in the production and sale of sugar, alcohol, power, chemicals, industrial fibers, and defence-related products in India, Europe, China, Mexico, and internationally.