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Based on consensus from external analysts. Not Kvantra's opinion.

Thai Wah Public Company Limited, founded in 1947 and based in Bangkok, Thailand, specializes in the production and distribution of starches and various agricultural products. Its market presence extends across Thailand, Vietnam, Cambodia, and China. The company's extensive product line includes tapioca starch, crucial for both food applications (such as seasoning and sweeteners) and industrial uses in paper and textiles. They also supply sago for culinary purposes, ranging from savory dishes to desserts, and alpha starch, which finds utility in aquatic animal feed, mosquito repellents, and metal casting. Beyond these, Thai Wah manufactures glucose and confectionery. Their food offerings are broad, encompassing rice flour, diverse vermicelli and noodle products (including rice, mung bean starch, and instant varieties), and unique sago types like roselle and pandanus sago. Furthermore, the company engages in land management activities and is involved in generating and selling electricity.

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