Vriddhi Consulting

Punit Khanna

Independent Insight Provider

Equity Bottom-Up

Oriental Food Indust Hldgs / Equity Bottom-Up

<ul>
<li>Revenue mix between exports and domestic sales remain steady (60% and 40%)</li>
<li>The company has completed a three-storey factory block and warehouse, which will lead to the installation of a new biscuit line.</li>
<li>The company talked about production efficiency and new product launches both for local and export markets.</li>
</ul>
        <div class="content-highlight">
        <h2>Raising Money for Persons with Disabilities in Singapore</h2>
        <p><strong><em>For your kind consideration</em></strong></p>
        <p><em>This report has been prepared by Vriddhi Consulting, founded by Punit and Debjani Khanna. A portion of the research was contributed by Shubham Khanna, an individual on the autism spectrum.  We are grateful to Smartkarma for providing a platform to share this research and amplify its impact.</em></p>
        <p><em>All proceeds from the publication of this report will be donated to support people with disabilities in Singapore. If you find this report valuable, we invite you to support our campaign, “Raising Money for Persons with Disabilities in Singapore.” Every contribution directly benefits the Goh Chok Tong Enable Fund and qualifies for a 250% tax deduction for Singapore tax residents.</em></p>
        <p data-start="635" data-end="669">To contribute, <a href="https://www.giving.sg/donate/campaign/raising-money-for-special-needs-persons-in-singapore" target="_blank" rel="noopener">please visit this URL.</a> </p>
        </div>
        


Revenue mix between exports and domestic sales remain steady (60% and 40%)
The company has completed a three-storey factory block and warehouse, which will lead to the installation of a new biscuit line.
The company talked about production efficiency and new product launches both for local and export markets.

        
        Raising Money for Persons with Disabilities in Singapore
        For your kind consideration
        This report has been prepared by Vriddhi Consulting, founded by Punit and Debjani Khanna. A portion of the research was contributed by Shubham Khanna, an individual on the autism spectrum.  We are grateful to Smartkarma for providing a platform to share this research and amplify its impact.
        All proceeds from the publication of this report will be donated to support people with disabilities in Singapore. If you find this report valuable, we invite you to support our campaign, “Raising Money for Persons with Disabilities in Singapore.” Every contribution directly benefits the Goh Chok Tong Enable Fund and qualifies for a 250% tax deduction for Singapore tax residents.
        To contribute, please visit this URL. 
        
        

Oriental Food Industries Berhad (OFIH MK): Annual Report Analysis

<ul>
<li>Revenue grew by 14%, driven by an increase in Malaysia and Asia</li>
<li>Gross Profit margin remains stable at 17.8% while admin expense increased from .1 mn MYR to10.4 mn MYR</li>
<li>Admin expense increased by 7.2 million due to exception items</li>
</ul>
    <div class="content-highlight">
    <h2>Raising Money for Persons with Disabilities in Singapore</h2>
    <p><strong><em>For your kind consideration</em></strong></p>
    <p><em>This report has been prepared by Vriddhi Consulting, founded by Punit and Debjani Khanna. A portion of the research was contributed by Shubham Khanna, an individual on the autism spectrum.  We are grateful to Smartkarma for providing a platform to share this research and amplify its impact.</em></p>
    <p><em>All proceeds from the publication of this report will be donated to support people with disabilities in Singapore. If you find this report valuable, we invite you to support our campaign, “Raising Money for Persons with Disabilities in Singapore.” Every contribution directly benefits the Goh Chok Tong Enable Fund and qualifies for a 250% tax deduction for Singapore tax residents.</em></p>
    <p data-start="635" data-end="669">To contribute, <a href="https://www.giving.sg/donate/campaign/raising-money-for-person-with-disabilities-empowering-visions-shaping-future" target="_blank" rel="noopener">please visit this URL.</a> </p>
    </div>
    


Revenue grew by 14%, driven by an increase in Malaysia and Asia
Gross Profit margin remains stable at 17.8% while admin expense increased from .1 mn MYR to10.4 mn MYR
Admin expense increased by 7.2 million due to exception items

    
    Raising Money for Persons with Disabilities in Singapore
    For your kind consideration
    This report has been prepared by Vriddhi Consulting, founded by Punit and Debjani Khanna. A portion of the research was contributed by Shubham Khanna, an individual on the autism spectrum.  We are grateful to Smartkarma for providing a platform to share this research and amplify its impact.
    All proceeds from the publication of this report will be donated to support people with disabilities in Singapore. If you find this report valuable, we invite you to support our campaign, “Raising Money for Persons with Disabilities in Singapore.” Every contribution directly benefits the Goh Chok Tong Enable Fund and qualifies for a 250% tax deduction for Singapore tax residents.
    To contribute, please visit this URL. 
    
    

Oriental Food Industries : 3rd Quarter Results

<ul>
<li>Kimly stock has done very well since our initiation &amp; now it does not look very cheap</li>
<li>Oriental Food has done nothing and we suspect market is concerned as its profits will be affected by the strength of Malaysian Ringitt</li>
<li>We think Singapore restaurant companies' earnings can be affected by RTS between Singapore &amp; Malaysia starting year end 2026.</li>
</ul>
    <div class="content-highlight">
    <h2>Raising Money for Persons with Disabilities in Singapore</h2>
    <p><strong><em>For your kind consideration</em></strong></p>
    <p><em>This report has been prepared by Vriddhi Consulting, founded by Punit and Debjani Khanna. A portion of the research was contributed by Shubham Khanna, an individual on the autism spectrum.  We are grateful to Smartkarma for providing a platform to share this research and amplify its impact.</em></p>
    <p><em>All proceeds from the publication of this report will be donated to support people with disabilities in Singapore. If you find this report valuable, we invite you to support our campaign, “Raising Money for Persons with Disabilities in Singapore.” Every contribution directly benefits the Goh Chok Tong Enable Fund and qualifies for a 250% tax deduction for Singapore tax residents.</em></p>
    <p data-start="635" data-end="669">To contribute, <a href="https://www.giving.sg/donate/campaign/raising-money-for-person-with-disabilities-empowering-visions-shaping-future" target="_blank" rel="noopener">please visit this URL.</a> </p>
    </div>
    


Kimly stock has done very well since our initiation &amp; now it does not look very cheap
Oriental Food has done nothing and we suspect market is concerned as its profits will be affected by the strength of Malaysian Ringitt
We think Singapore restaurant companies' earnings can be affected by RTS between Singapore &amp; Malaysia starting year end 2026.

    
    Raising Money for Persons with Disabilities in Singapore
    For your kind consideration
    This report has been prepared by Vriddhi Consulting, founded by Punit and Debjani Khanna. A portion of the research was contributed by Shubham Khanna, an individual on the autism spectrum.  We are grateful to Smartkarma for providing a platform to share this research and amplify its impact.
    All proceeds from the publication of this report will be donated to support people with disabilities in Singapore. If you find this report valuable, we invite you to support our campaign, “Raising Money for Persons with Disabilities in Singapore.” Every contribution directly benefits the Goh Chok Tong Enable Fund and qualifies for a 250% tax deduction for Singapore tax residents.
    To contribute, please visit this URL. 
    
    

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 22nd June 2026, MSG-manufacturer <strong><a href="https://www.smartkarma.com/entities/ajinomoto-malaysia-bhd" target="_blank" data-smartkarma-citation="entities:12499:1" rel="noopener">Ajinomoto Malaysia (AJI MK)</a></strong> announced <strong><a href="https://www.smartkarma.com/entities/ajinomoto-co-inc" target="_blank" data-smartkarma-citation="entities:8911:1" rel="noopener">Ajinomoto Co (2802 JP)</a></strong>, its controlling shareholder, intends to delist the company via a selective capital reduction.</li>
<li>Ajinomoto offered RM20/share in cash, a 31.6% premium to last close; but realistically a 67% premium due to apparent price leakage. It is a decade-high price. This is fair.</li>
<li>In response to local media report, Ajinomoto defended its Offer Price, stating it represents a reasonable premium, and reflects the company’s business value and historical share performance.</li>
</ul>


Back on the 22nd June 2026, MSG-manufacturer Ajinomoto Malaysia (AJI MK) announced Ajinomoto Co (2802 JP), its controlling shareholder, intends to delist the company via a selective capital reduction.
Ajinomoto offered RM20/share in cash, a 31.6% premium to last close; but realistically a 67% premium due to apparent price leakage. It is a decade-high price. This is fair.
In response to local media report, Ajinomoto defended its Offer Price, stating it represents a reasonable premium, and reflects the company’s business value and historical share performance.


Ajinomoto Malaysia (AJI MK): Parent Reiterates Terms Are Fair

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Smartkarma AI Primers

Smartkarma

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Research Reinvented

<ul>
  <li>OFIH is strategically positioned for growth, driven by a significant capacity expansion with a new factory set to commence operations by December 2025, primarily targeting the fast-growing Asian snack food market.</li>
  <li>The company exhibits a strong historical growth profile in revenue and net income, complemented by an attractive valuation with a low price-to-earnings ratio and a compelling dividend yield of over 4%.</li>
  <li>Key risks include near-term margin pressure from foreign exchange volatility and raw material costs, and a high dependence on the lower-margin Original Equipment Manufacturer (OEM) segment, which constitutes half of its sales.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  OFIH is strategically positioned for growth, driven by a significant capacity expansion with a new factory set to commence operations by December 2025, primarily targeting the fast-growing Asian snack food market.
  The company exhibits a strong historical growth profile in revenue and net income, complemented by an attractive valuation with a low price-to-earnings ratio and a compelling dividend yield of over 4%.
  Key risks include near-term margin pressure from foreign exchange volatility and raw material costs, and a high dependence on the lower-margin Original Equipment Manufacturer (OEM) segment, which constitutes half of its sales.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Oriental Food Indust Hldgs (OFIH MK) - Oct 2025

Malaysia

Oriental Food Industries Holdings Berhad is an investment holding company. Through its subsidiaries, the Company manufactures, markets, and sells snack food and confectioneries.  Oriental Food Industries also manufactures and wholesales candies, chocolate products, fish fillet, and other preserved foods.

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Oriental Food Indust Hldgs (OFIH MK)

Oriental Food Industries Berhad (OFIH MK): Annual Report Analysis

New factory block and warehouse to install new biscuit line, focusing on production efficiency. New product launches for both local and export...

Punit Khanna

Oriental Food Industries : 3rd Quarter Results

Revenue in Malaysia and Asia drove a 14% growth, but admin expenses increased significantly due to exceptional items, impacting the profit margin.

Punit Khanna

Kimly & Oriental Food Update

Kimly stock has performed well but is no longer cheap, while Oriental Food's profits may be impacted by the strength of the Malaysian Ringgit but...

Punit Khanna

Ajinomoto Malaysia (AJI MK): Parent Reiterates Terms Are Fair

This is a clean deal. Trading at a gross/annualised spread of 5.8%/20.2% as I type, assuming early December completion. If illiquid Malaysian arbs...

David Blennerhassett

Primer: Oriental Food Indust Hldgs (OFIH MK) - Oct 2025

OFIH is strategically positioned for growth, driven by a significant capacity expansion with a new factory set to commence operations by...

αSK Primers

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Oriental Food Industries Berhad (OFIH MK): Annual Report Analysis

​New factory block and warehouse to install new biscuit line, focusing on production efficiency. New product launches for both local and export...

Punit Khanna

Oriental Food Industries : 3rd Quarter Results

​Revenue in Malaysia and Asia drove a 14% growth, but admin expenses increased significantly due to exceptional items, impacting the profit margin.

Punit Khanna

Kimly & Oriental Food Update

​Kimly stock has performed well but is no longer cheap, while Oriental Food's profits may be impacted by the strength of the Malaysian Ringgit but...

Punit Khanna

Ajinomoto Malaysia (AJI MK): Parent Reiterates Terms Are Fair

This is a clean deal. Trading at a gross/annualised spread of 5.8%/20.2% as I type, assuming early December completion. If illiquid Malaysian arbs...

David Blennerhassett

Primer: Oriental Food Indust Hldgs (OFIH MK) - Oct 2025

OFIH is strategically positioned for growth, driven by a significant capacity expansion with a new factory set to commence operations by...

αSK Primers

New factory block and warehouse to install new biscuit line, focusing on production efficiency. New product launches for both local and export...

Revenue in Malaysia and Asia drove a 14% growth, but admin expenses increased significantly due to exceptional items, impacting the profit margin.

Kimly stock has performed well but is no longer cheap, while Oriental Food's profits may be impacted by the strength of the Malaysian Ringgit but...