SAC Capital is initiating its coverage on homegrown food manufacturer OTS Holdings with a “buy” and a target price of 40 cents.

See: Food manufacturer OTS seeks funds to expand into new markets and products

The recently listed OTS Holdings manufactures and distributes process meat products under its house brands Golden Bridge and Kelly’s in Southeast Asia. The ready-to-eat and ready-to-cook meat products are available in four formats: chilled, frozen, dried and shelf-stable, and sold in supermarkets and convenience stores, through wholesalers and e-commerce platforms, and to the foodservice sector.

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