1. Country Potential Targets Category
2012 Revenue
(US$m)
2012 EBITDA
(US$m)
Market cap
(US$m) Strategic Fit
Recent
Developments Rationale
Pt Olagafood Industri
Makanan
Noodles 69.5 14.4 46.7
PT Pondan Pangan
Makmur Indonesia
Premix - - -
PT Gandum Mas
Kencana
Premix - - -
Bibica Corporation Confectionery 44.0 3.2 22.6
HaiHa Confectionery
Joint Stock Company
Confectionery 30.1 1.6 7.1
Safoco Foodstuff JSC Confectionery 25.5 1.4 5.6
Ideal Macaroni &
Spaghetti Factory Inc
Noodles - - -
Monde Nissin
Corporation
Noodles - - -
Oriental Food Industries
Holdings Bhd
Snacks and
Confectionery
58.6 6.6 34.8
Thai Wah Food
Products Public
Company Limited
Noodles 38.4 8.3 71.4
Indonesia
N/A
Indonesia
Indonesia
N/A
N/A
Vietnam
Vietnam
Vietnam
Philippines
Philippines
Malaysia
N/A
N/A
N/A
Thailand
N/A
N/A
N/A
Executive Summary
Potential Targets
Source: Capital IQ, CF Analysis