Malee Group Public Company – A Juicy Thai Stock

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Malee Group Public Company – A Juicy Thai Stock

Watch the video with Andrew Stotz or read a summary of the World Class Benchmarking on Malee Group Public Company Limited.

Background

Malee Group Public Company Limited, founded in 1964, is a Thai company that produces and distributes largely food and beverage products for domestic and oversea markets.

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It is engaged in manufacturing canned food, beverages, vegetables and meat under its Malee, First Choice, Hunter and Farmer brand names.

It holds an approximate 25% market share in Thailand’s premium fruit juice market.

Malee Group Public Company

Business Description

The Malee family of products are divided into two groups. Beverage products include juices, coffee, water and milk. Processed fruits and refreshments include canned fruits, sweet corn and ready-made refreshments.

The company also performs contract manufacturing: producing goods in accordance with customers’ requirements under their own separate brands. Examples of these include Chokchai Farm milk and Howdy fruit juice.

Malee Group Public Company

Malee’s main export markets are Cambodia, Laos, Myanmar, Vietnam and China. The company’s production takes place in Thailand and, in the case of the Philippines, through a 49%-owned subsidiary.

A recently-announced 49%/51% joint venture with Mega Lifesciences (MEGA TB) aims to develop scientifically-proven natural food and beverage products for the domestic and overseas markets.

Leadership

Chatchai Boonyarat has led the company for more than 20 years, a timeline that gives many investors confidence. Chatchai, also the chairman, has educational degrees in both chemical and manufacturing engineering. Over the last five years, Chatchai has continued to produce strong profits and, recently, better growth.

Malee Group Public Company

World Class Benchmarking

Profitable Growth has been ranked #2 for each of the last three years, a worthy achievement. Malee additionally ranks among the best 112 of 560 large Consumer Staples companies globally.

Malee Group Public Company

Profitability has been solid and is now World Class, and Growth improved to above average this year after several years of lower results.

Asset utilization drives Profitability year to year, while the Profit margin appears to be stalled in a competitive but average level for the last four years.

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Dr. Andrew Stotz, CFA is the CEO of A. Stotz Investment Research, a company providing institutional investors with ready-to- invest portfolios in Asia that aim to beat the benchmark through superior stock selection. The company also provides buy- and sell-side clients with financial models to value any company in the world and World Class Benchmarking to determine what companies are financially world class. Previously, as Head of Research at CLSA, Andrew was voted No. 1 Analyst in Thailand in the Asiamoney Brokers Polls for 2008 and 2009. He was also voted No. 1 Analyst in Thailand in the 2009 Institutional Investor magazine All-Asia Research Team Report. Andrew earned his PhD in finance at the University of Science and Technology of China in Anhui province, with a focus on answering questions raised by fund managers and analysts during his career about picking stocks and managing portfolios. In addition, Andrew has been a lecturer in finance for 22 years at various universities in Thailand. Since 2013, he has been the president of the CFA Society of Thailand. He is also the author of How to Start Building Your Wealth Investing in the Stock Market.

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