Ocean Fresh Bhd.
MMYX:OFB0.16
MYR
+0.02
(+14.29%)
ISIN
MYQ0312OO007
Return %
Stock
S&P 500
1Y
-31.91
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- Full Time Employees
- 120
- Sector
- Consumer non-durables
- Industry
- Food: meat/fish/dairy
- Address
- Kuantan Malaysia
- IPO Date
- Jul 4, 2024
- Website
- oceanfresh.com.my
- Similar Companies
- Business
- Ocean Fresh Berhad is a Malaysia-based investment holding company primarily engaged in the processing, trading, and distribution of frozen seafood products, as well as the provision of specialized seafood processing services. The company operates across two principal business segments: Frozen Seafood Processing and Trading, and Seafood Processing Services. Its product and service portfolio encompasses the processing and wholesale distribution of frozen marine fish including ribbonfish, Spanish mackerel, yellow croaker, Japanese threadfin bream, black pomfret, and red snapper; frozen cephalopods, including whole squid, squid tubes, squid rings, squid tentacles, and cuttlefish; frozen crustaceans, including wild-caught and farmed prawns; and contract seafood processing solutions comprising sorting, grading, descaling, eviscerating, filleting, rapid blast freezing, glazing, and customized private-label packaging for commercial seafood traders and retailers. The company distributes its products to food manufacturers, wholesalers, supermarkets, and food service operators across both domestic and export markets, with key international revenue generated in mainland China, Thailand, Indonesia, the Philippines, Japan, South Korea, Turkey, Mauritius, and the broader Asia-Pacific region. Founded in 2002 and headquartered in Kuantan, Pahang, Malaysia, Ocean Fresh Berhad operates cold storage facilities and processing plants situated along the east coast of Peninsular Malaysia. In recent developments, Ocean Fresh Berhad completed its initial public offering (IPO) and successfully listed on the ACE Market of Bursa Malaysia in July 2024 to fund long-term capacity expansion. The group is deploying its IPO proceeds toward the construction and commissioning of a new cold storage facility in Kuantan, designed to significantly expand its inventory holding capacity and enhance cold chain efficiency. In addition, the company is upgrading its production lines with semi-automated processing machinery to streamline operations, reduce operational bottlenecks, and expand its export reach into newly targeted regional and global markets.