EverBlu Capital | Research 9 February 2018 Russell Wright | T:+61 2 8249 0008 | E:
[email protected] Seafood Industry Report Australian seafood is set to grow due to This report analyses the seafood industry in Australia and Asian premium quality and growing domestic markets. and global demand Companies’ Data Background on Seafood Industry 12-month Company Ticker Market Cap (M) change (%) 1. Australia’s seafood industry is still regarded to be in its infancy stage Angel Seafood Holdings Ltd. AS1 28.6 N/A with production predominately made up of privately-owned, family- Clean Seas Seafood Ltd. CSS 100.0 71.4 run farms. The 2.4% global growth in demand for seafood is likely to Huon Aquaculture Group Ltd. HUO 413.1 6.3 continue driven by population growth of 8.5 billion by 2030, and by Murray Cod Australia Ltd. MCA 24.3 14.8 the rising spending power of the global middle class, which is New Zealand King Salmon Co. Ltd. NZK 281.1 56.2 forecast to increase from 1.8 billion in 2009 to 4.9 billion by 2030. Ocean Grown Abalone Ltd. OGA 39.4 -5.0 Wild catch is at risk of declining due to overfishing and aquaculture Seafarms Group Ltd. SFG 91.4 -31.6 will have to make up the gap in demand and supply. Tassal Group Ltd. TGR 613.4 -19.52. Source: FactSet 3. Australia has a global reputation for sustained high quality product, which allows for producers to sell at a premium in international Ticker Company Target Sectors markets.