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There had been strong demand for food related stocks in the Australasian market as well. In fact some milk and meat companies in the Asian-Pacific region not only have outperformed the broader market but also have become multibaggers during fast three years.
However, at some point, I expect correction from those stocks as well. In other words over extended stocks could have some short term risk. Strong balance sheet firms in this sector will outperform others in the long run.
In the meantime another Chinese own milk company having support of Alibaba has an ambitious plan to list on the NZX within the next 3-5 years.
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