Diversification at a bargain price Investment ThesisValuation attractive at c.4x EV/EBITDA and and c.5x PE. The market is ignoring the group's long-term prospects on growing consumption of animal protein, and its geographical diversification. Trading at c.4x FY21/22F EV/EBITDA and c.5x FY21/22F PE, this food supply play is a bargain if we compare to the average […]

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