ASIA FILE CORP BHD (7129) – well positioned to ride on the takeaway and food delivery tidal wave
ASIA FILE CORP BHD (7129) – well positioned to ride on the takeaway and food delivery tidal wave Share price: RM2.22 Market cap: RM432mil Shares outstanding: 194.76mil 1. F&B takeaway packaging – the growth driver and share price catalyst Even before Covid-19 came about, food delivery services was already a growing sector. However, due to Covid-19, the growth of takeaway and delivered meals have accelerated even more. Malaysians have become accustomed to this new normal and this trend should continue to grow. This phenomenon has led to a surge in the use of takeaway food packaging . One publicly listed company that is benefitting from this new normal is Asia File , which ventured into takeaway food packaging not too long ago. Most people I’ve spoken to are still unaware that Asia File started a business in takeaway food packaging. As such, I believe Asia File’s share price has not fully priced in the potential of this business. The takeaway food packaging of Asia File is ma