Asian Century Stocks

Ultrajaya Milk (ULTJ IJ) is the leading dairy company in Indonesia. Its most popular product “Ultra Milk” has a market share of roughly 40% and dominates the mass market. The company focuses on “UHT milk”. Such milk has been treated with ultra-high temperatures and stored in aseptic packaging, giving it a shelf life of 6-9 months at normal room temperatures. This makes UHT milk highly convenient. Especially in Indonesia given that the climate is tropical and the cold chain infrastructure is undeveloped.

Asia is catching up in vaccinations: Japan’s vaccination rate has overtaken that of the United States. South Korea is not far behind. Thailand re-opening: Thailand is re-opening to foreign tourists. It will scrap quarantine requirements for all pilot areas this year