How Oriental Food Industries is Quietly Becoming a Global Powerhouse

The Oriental Food Industries Holdings (OFI) group manufactures and markets snack food and confectionery products.

Between 2019 and 2024, OFI has transformed into a sustainability-driven, digitally-savvy, and globally expanding company through strategic initiatives that have strengthened its market position.

• Export sales now contribute approximately 65% of total revenue, reflecting OFI’s successful international expansion.

• Sustainability efforts include integrating solar energy at select manufacturing plants, reducing carbon emissions and operating costs.

• Digital transformation has been a key focus, with expanded e-commerce presence and stronger branding efforts on social media, enhancing direct engagement with consumers.


These initiatives have driven strong financial performance, with revenue growing at a CAGR of 8.5% over the past six years. Profitability has improved even more significantly, with PAT growing at a much higher CAGR of 24.9%, supported by gross profit margin expansion and declining fixed cost margins.

The various changes have positioned the company for long-term sustainable growth while maintaining its market leadership in Malaysia and beyond. Given these strengths, it is no surprise that OFI falls into the low-risk, good-business segment of the Fundamental Mapper.

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The market price has trended upward in recent years, reflecting the company's improving prospects. Although it has pulled back from its three-year high, the current margin of safety appears limited. However, if earnings continue to grow while the stock price remains stable, the margin of safety could improve over time.