In its research note on June 10, the KGI team highlights that OTS is currently developing plant-based foods, with a targeted launch by early 2022. In addition to catering to a rising trend in sustainable consumption, KGI points out that the endeavour is in line with the Singapore government’s “30 by 30” plan to produce 30% of the countries nutritional needs locally by 2030.
Following the launch of OTS Holdings (SGX:OTS
) ’ IPO of 41 million invitation shares on June 8, KGI Research has released a research note providing some ‘food for thought’ on the company.
OTS, a food manufacturer in Singapore, produces halal and non-halal ready-to-eat and ready-to-cook products, which it sells both locally and through export sales.
