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Trades about 18% below its sector, cheaper than its peers on earnings.
Asian Sea Corporation Public Company Limited, established in 1964 and based in Mueang Samut Sakhon, Thailand, is a key player in the production and global distribution of diverse processed frozen seafood products. The company strategically organizes its operations across four primary divisions: Frozen Business, Pet Food Business, Tuna Business, and Aquaculture Feed Business. Its extensive product offerings include various frozen seafood items such as shrimp, tuna, sillago, and squid. Beyond foundational seafood, Asian Sea Corporation also crafts an array of ready-to-cook and ready-to-eat meals, featuring specialty items like gluten-free and battered shrimp, shrimp tempura, seasoned squid, fried fish snacks, burgers, fried rice, and even frozen keto diet options. The firm also holds a significant presence in the pet food sector, manufacturing wet pet food varieties including soups, salads, fish and meat dishes, mousses, and pâtés. Additionally, it supplies aquaculture feed pellets, alongside general animal feed and fishmeal. Complementing its manufacturing capabilities, the company offers cold storage services and actively participates in the distribution and marketing of frozen seafood. Its products are sold under a wide range of brand names, including ASIAN FEED, Monchou, Hero, Victor, Allstar, Champ, Hajiko, Rambo, SuperHero, Ruay Puan, and Faster.
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