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Maker of Tai Sun, Nature’s Wonders to raise funds in Hong Kong

TS Wonders Holding Limited, the maker of Tai Sun and Nature’s Wonders nuts and UCA and Treatz chips from Singapore, has submitted the prospectus for an initial public offering in Hong Kong on 19 July 2018. The prospectus can be downloaded here.

The most important points are the financials. TS Wonders derived most of its sales from nuts (2017: 78%), followed by chips (2017: 18%). Total revenue stood at SGD 55.5 million in 2017 with net profit for the year at SGD 5.97 million.

Margins have been improving but revenue in 2017 suffered due to earlier Chinese New Year period. Sales fluctuate based on seasonality with higher sales recorded during festive seasons.

The key reasons for listing are raising funds, improve the status of the company (instill confidence in their customers) and enhance its operational and financial reporting structure.

TH enters competitive ice cream market

Vietnam’s dairy firm TH Food Chain Joint Stock Company has extended the TH brand into ice cream with TH True Ice Cream. The company, the second biggest dairy firm in Vietnam, has previously expanded into nut milk and malt drink in recent months as it spreads its tentacles into more segments.

https://www.facebook.com/thmilk/videos/2268337749873849/?t=11

The TH True Ice Cream is made from fresh milk and includes:

  • Sandwich ice cream (120g) – VND 22,000
  • Chocolate stick ice cream topped with peanuts (80g) – VND 16,000
  • Vanilla stick ice cream topped with peanuts (80g) – VND 16,000
  • Topkid vanilla ice cream for kids fortified with vitamins B (B1, B6, B12), C, K and folic acid & calcium (70ml) – VND 11,000

Euromonitor data shows the Vietnamese ice cream and frozen dessert market grew 7% in volume and 15% in value in 2017. Kido Frozen Foods (KDF) is the market leader with a 40% share, up 2% year-on-year, reported Vietnam Investment Review. During the first half of 2018, KDF reported a 1% growth in net revenue in ice cream driven by premiumisation as competition has affected growth.

Introducing Indomie Salted Egg

Photo from Instagram nivia_89

Indomie, Indonesia’s top instant noodle brand, has joined the salted egg bandwagon with a new Curly Fried Noodle Salted Egg Flavour under its Premium Collection. In fact, netizens have been sharing their own salted egg Indomie creations.

Similar with the past, Indomie receives inspiration for its new innovation from its legions of innovators comprising foodservice practitioners and Indomie lovers at home.

The new Indomie Salted Egg could provide the fuel for further application of salted egg flavour in food.

 

7-Eleven Malaysia Wins Prestigious CSR Award for 2nd Year running

(From left to right) Mr. Lee Seng Chee, Managing Editor of CSR Malaysia, Mr. Ronan Lee and Dato’ R. Rajendran, CEO of CSR Malaysia at the awards ceremony

Kuala Lumpur, 26 July 2018 – The 2018 CSR Malaysia Awards was held recently to appreciate and share exemplary outreach efforts by organisations in Malaysia and among those awarded included the nation’s leading standalone convenience store chain, 7-Eleven Malaysia that was awarded ‘Company of The Year’ for the second year running in the retail category.

Organized by CSR Malaysia Publications and endorsed by The Ministry of Women, Family and Community Development Malaysia, the CSR Malaysia Awards honour outstanding corporations in Malaysia that have excelled in the role of change agents in the socio-economic transformation of Malaysia and endeavour to promote sustainable economies and serve the needy by featuring CSR initiatives of corporations in Malaysia. The recipients of these awards have been selected by a panel of high calibre judges representing corporate and social bodies. Present at the awards was Yang Amat Berhormat Dato’ Sri Dr. Wan Azizah binti Wan Ismail, Deputy Prime Minister of Malaysia, also Minister of Women, Family and Community Development, who also officiated the event.

7-Eleven Malaysia General Manager of Marketing Mr. Ronan Lee said “We are very humbled and honoured by this recognition for the 2nd year running and we would like to commend CSR Malaysia for creating this wonderful platform to promote and recognise corporate social responsibility efforts thus potentially encouraging more participation from industry players of various sectors as well as providing an avenue for corporates like us to continually developing best practises and improve our philanthropic efforts. 7-Eleven Malaysia is incredibly encouraged by this recognition and will always remain passionate about our community outreach efforts as we believe in giving back to the society that we operate in as well as striving to Always Be There For You!.”

“We strongly believe that all CSR initiatives, no matter how big or small, is about bringing hope and uplift the lives of those who need support whilst providing some respite to those in need as well as educating the public and hopefully inspire change within each member of public to be an agent of change in the betterment of their lives and the community they are in, from developing a sense of self-philanthropy to fostering empathy and responsibility towards the world that we live in,” concluded Lee.

At the CSR Malaysia Award 2018, 34 other Malaysian companies; both listed and private were honoured, recognised and awarded for their corporate social responsibility and sustainability endeavours. Among notable recipients include Berjaya Starbucks (F&B Retail), AirAsia (Airline), Axiata (Telecommunication), McDonald’s (Quick Service Restaurant), Kenanga (Investment Banking) and Shell (Oil and Gas).

About 7-Eleven Malaysia

7-Eleven Malaysia Holdings Berhad through its subsidiary 7-Eleven Malaysia Sdn. Bhd. is the owner and operator of 7-Eleven stores in Malaysia. Incorporated on 4 June 1984, 7-Eleven Malaysia has made its mark in the retailing scene and has been a prominent icon for over 33 years. 7-Eleven Malaysia is the pioneer and largest 24-hours standalone convenience store operator in Malaysia with over 2,200 outlets nationwide and serves more than 900,000 customers daily. 7-Eleven stores can be found across bustling commercial districts to serene suburban residential compounds throughout Malaysia, from petrol stations and LRT stations to shopping malls and medical institutions. 7-Eleven is Always There For You.

Asia Pulp & Paper’s Foopak Bio Natura Compostable Food Packaging Solution Awarded “Sustainability Product of the Year”

Jakarta — July 17, 2018 — Today, the Business Intelligence Group named Asia Pulp & Paper’s (APP) Foopak Bio Natura suite of food packaging products “Sustainability Product of the Year” in the 2018 Sustainability Awards programme. The Sustainability Awards honours those people, teams and organisations who have made sustainability an integral part of their business practice or overall mission.

In response to the demands of consumers and the brands that serve them, APP’s Foopak Bio Natura is replacing plastic, foam and PE-coated food packaging with a fully compostable, sustainable paperboard alternative. Especially designed for converting both hot and cold beverage cups and other food packaging, the cup stock can sustain heat up to 440 degrees Fahrenheit/220 degrees Celsius.

Foopak Bio Natura cup stock is FDA-certified and meets the standards with the FTC’s Green Guides for biodegradability and compostability. Testing by the Isega Institute shows scientific evidence the stock can completely break down and return to nature by decomposing in a matter of 12 weeks. Additionally, Bio Natura can be safely composted in a facility or home compost pile.

“Achieving this award affirms our commitment to sustainability in all areas of our operation,” said Elim Sritaba, Director of Sustainability and Stakeholder Engagement, APP. “Beyond product development, we’re committed to providing businesses with the solutions they need to do the same.”

“Foopak Bio Natura provides the food and restaurant industries with a comprehensive suite of sustainable packaging solutions, bringing this compostable option to an underserved part of the market,” said Felix Koh, Senior Vice President and Global Business Unit Head, APP. “We’re pleased to offer an alternative solution to packaging waste.”

“We are proud to reward and recognise Asia Pulp & Paper for its sustainability efforts,” said Maria Jimenez, Chief Nominations Officer, Business Intelligence Group. “It was clear to our judges that APP’s vision and strategy will continue to deliver results toward a cleaner, more sustainable world.

Congratulations!”

APP joins the ranks of other Sustainability Awards winners including P&G, Danone North America, Hilton Software, Seed Phytonutrients and Dow Chemical.

SINALCO carbonated soft drink now available at 7-Eleven

The German classic drink SINALCO is now available at 7-Eleven in the Philippines. Local Euro Interbev Corp was awarded the exclusive license to import, produce and sell SINALCO products for the Philippines market. The deal was granted by Germany’s SINALCO International Brands GmbH & Co. KG, reported the news portal of the German-Philippine Chamber of Commerce and Industry in February 2018.

The drinks are packed in cans in Malaysia by Kian Joo and the ingredients are sourced from Germany.

Euro Interbev will focus on HoReCa and the modern trade channel with plans to produce select SINALCO SKUs domestically within 5 years.

Taste will be a key determining factor. One user was saying SINALCO tastes “between coke and rootbeer,” while another claims the drink is “not too sweet and not too overpowering.” With sweetened beverages coming under the new tax regime, it makes people wonder if sweetened beverages are worth pursuing.

Apart from 7-Eleven, SINALCO products are available in some leading supermarkets, such as Landmark, South Supermart, Makati Supermart, Puregold (Lifestyle), Sta. Lucia, Freshto, Hitop and Iloilo Supermart.

Pizza, Cheese Pimiento Gardenia Cream Rolls anyone?

Photo Credit: Gardenia Philippines

Gardenia in the Philippines has introduced several interesting cream rolls in June 2018 that are quite innovative. The three new flavours are:

  • Pizza
  • Cheese Pimiento
  • Butter Sugar

The company claims its newest Gardenia Cream Roll Pizza has a smoky meaty taste!

Companies can borrow flavour trends from other markets eg mango cream filled bun from Mighty White in Malaysia and vice versa and this would give them plenty of flavours to work with.

New Vitamilk Banana

The number one soymilk brand in the Philippines Vitamilk now has a new banana flavour. It adds to the current double choco shake flavour.

LT Group, the parent company of Asia Brewery Inc (ABI), said in its 2017 President Report that its soymilk market share remains at over 80%. Soymilk contributed 10% (PHP 340 million) of total ABI revenues of PHP 3.4 billion.

LT Group did hinted a drop in market share in Q1 2018 by saying the share of Vitamilk in the soymilk category stood at over 70% during the first quarter of 2018, an indication that rival Vitasoy is eating into its market share. However, the soymilk segment continues to grow by double-digit.

NSTP Working with iPrice Group to Offer Exclusive Online Shopping Promos

KUALA LUMPUR: The New Straits Times Press (M) Bhd (NSTP) will be working with the best local marketing platform, iPrice Group Sdn Bhd, to provide exclusive promotions and coupons for online shoppers through http://vouchers.nst.com.my/.

The website that was developed through an e-commerce platform would be launched by New Straits Times (NST) this month and would be updated daily.

NSTP digital business and development general manager, Azizi Othman, said the initiative was launched to fulfil the companies’ commitment in offering a diversity of digital products and services with add-on values for its customers.

He said apart from having an excellent reputation in Malaysia and the region, iPrice has the capability of providing a platform to compare prices of over 250 million products, making it convenient for customers to select the best option before making a purchase.

“The voucher portal will list down high-value online voucher and coupon offers from 60 e-commerce businesses in Malaysia and across the globe.

“At the same time, NST digital content will also be enhanced to establish it further and with improved quality.

“We believe that the collaboration will further strengthen the e-commerce ecosystem and improve the Customer Lifetime Value (CLV) through NST’s participation in the industry,” he said.

iPrice Group marketing chief officer, Matteo Sutto, said the company was honoured to work with Malaysia’s oldest English newspaper to provide a global shopping platform through the easiest and fastest method.

He said the rapid Internet economic growth had seen an increase of e-commerce businesses and the company had an opportunity to offer more choices to online customers by merging all the existing options.

“Reports by Google and Temasek revealed that the value of e-commece in Malaysia is expected to reach over RM33 billion (AS$ 8 billion) by 2025 and the industry is growing more rapidly than forecasted.

“NST had successfully developed along with the times since decades ago in providing the most relevant, current and comprehensive news reports to Malaysians.

“We believe that this teamwork will give even a bigger impact to millions of customers consistently,” he said.

The voucher portal will showcase the highest offers searched online like LazadaZaloraShopeeGrabBooking.comAgodaExpedia and others.

Shoppers can also look for the best offer easily through popular category search like electronicsfashionhealth & beautytravel & hotels, and others.

Online users will be able to maximise their savings at ‘New Voucher’ New Straits Times website in three easy steps:

  1. Select your coupon.
  2. Be sure to click and read the terms and conditions after selecting the coupon.
  3. Click ‘Copy Code’ and use the promotion codes when settling payments on the e-commerce websites. If there is no code, proceed to the online store to enjoy discounts.

All offers handled by iPrice Group are also available at ‘meta-search’ platforms in seven countries, namely, MalaysiaIndonesia, Singapore, Vietnam, Thailand, Philippines and Hong Kong.

About iPrice Group

iPrice Group is a meta-search website where Malaysian consumers can easily compare prices, specs and discover products with hundreds of local and regional merchants. iPrice’s meta-search platform is also available in six other countries across Southeast Asia namely in; Singapore, Indonesia, Thailand, The Philippines, Vietnam and Hong Kong. Currently, iPrice compares and catalogues more than 250 million products for millions of consumers across the region.

iPrice currently operates three business lines: price comparison for electronics and health & beauty; product discovery for fashion and home & living; and coupons across all verticals.

 

Otsuka’s Soyjoy snack bar now locally made in Indonesia

Photo Credit: Soyjoy Indonesia

Japan’s Otsuka Pharmaceutical Co., Ltd. announced on 5 July 2018 that it has started the local production of its whole-soy nutritional food Soyjoy at the Kejayan factory in East Java. Previously, the low GI snack bar was imported from Japan.

A new halal-compliant Soyjoy Strawberry was also launched on 2 July 2018.

Soyjoy Crispy launched in early 2018. Photo Credit: Soyjoy Indonesia

The new factory has a maximum annual output capacity of 60 million soy bars. Assuming production is running at full capacity with each Soyjoy priced at IDR 6,800 or USD 0.47 at Indomaret in July 2018, the total retail sales value of Soyjoy could potentially reach USD 28.23 million a year.

The new local factory also means the market for on-the-go snack bar in Indonesia is rising and can serve as a springboard into other Southeast Asia markets where the Indonesian halal certification is recognised.

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