Ocean Fresh Bhd - Sustainable seafood solution player
Mon, 12-Aug-2024 08:03 pm
by Team Coverage • Apex Research

Counter

OFS (0312)

Target Price (RM)

0.340

Recommendation

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  • OFB is principally involved in the processing and trading of frozen seafood products and the provision of frozen seafood processing services.
  • We like OFB with future growth to be supported by (i) rising demand for seafood products, (ii) on-going efforts to capture additional market share in the overseas market, (iii) expansion into processing and trading of dried seafood products and (iv) addition of new cold storage facility.
  • We ascribe a SUBSCRIBE recommendation to OFB, with a fair value of RM0.34, premised to its attractive valuations coupled with promising growth prospects.
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