AU
CA
NZ
UK
US
IND
Kalkine has a fully transformed New Avatar.
Company Overview
Company Overview: SPC Global Holdings Ltd (ASX: SPG), formerly The Original Juice Co. Ltd, is an Australia-based global food and beverage company. Its product categories include packaged tomatoes, packaged fruit, frozen meals and snacks, beverages, powdered milk, pulses, frozen fruit and vegetables, shelf staple meals and snacks, and recipe bases/sauces and stocks. Australian Agricultural Company Limited (ASX: AAC) is an Australia-based beef and integrated cattle producer. The company is engaged in selling and marketing branded beef globally, along with developing coastal properties, breeding backgrounding, and feed lotting across Australia. Kalkine’s Sector Report covers the Investment Summary, Sector Overview & Supporting Catalysts, Data Insights & Analysis, Financial Metrics, Financial Commentary, Risks, Outlook, Technical Analysis along with the Valuation, Target Price, and Recommendation on selected stocks.
Investment Summary
Sector Overview and Supporting Drivers
Australia’s food sector is a vital part of the economy, spanning agriculture, packaged foods, beverages, and retail. It benefits from steady domestic demand driven by population growth and urbanisation, alongside strong global appetite for Australia’s premium, safe, and high-quality produce. Key export markets include China, India, and Southeast Asia, with dairy, meat, almonds, and infant formula as major contributors. Industry trends such as health-conscious consumption, plant-based alternatives, and premiumisation are reshaping demand. While the sector faces risks from climate variability, cost inflation, and trade disruptions, opportunities from technology adoption, sustainability initiatives, and export diversification underpin its long-term growth.
Sector Catalysts
Index Performance
Investment theme and stocks under discussion (SPG, AAC)
After understanding the sector, let us now look at two companies from the Food sector listed on the ASX. The price potential of the companies under discussion have been analysed based on Price/Cash Flow Per Share based relative valuation methods, respectively.
1. ASX: SPG (SPC Global Holdings Ltd)
(Recommendation: ‘Speculative Buy’ at AUD 0.450; Potential Upside: Low Double-Digit; MCap: AUD 88.77mn)
SPC Global Holdings Ltd, formerly The Original Juice Co. Ltd, is an Australia-based global food and beverage company. Its product categories include packaged tomatoes, packaged fruit, frozen meals and snacks, beverages, powdered milk, pulses, frozen fruit and vegetables, shelf staple meals and snacks, and recipe bases/sauces and stocks.
The stock has witnessed a growth of ~40.62% in last three months, and over the past six months, it has declined by ~30.23%. The stock has a 52-week low and 52-week high of AUD 0.140 and AUD 1.545, respectively and is currently trading below the 52-week high-low average.
2. ASX: AAC (Australian Agricultural Company Limited)
(Recommendation: ‘Hold’ at AUD 1.425; Potential Upside: Low Double-Digit; MCap: AUD 855.92mn)
Australian Agricultural Company Limited is an Australia-based beef and integrated cattle producer. The company is engaged in selling and marketing branded beef globally, along with developing coastal properties, breeding backgrounding, and feed lotting across Australia.
The stock has witnessed a gain of ~3.64% in last three months, and over the past six months, it has declined by ~5.94%. The stock has a 52-week low and 52-week high of AUD 1.330 and AUD 1.575, respectively and is currently trading below the 52-week high-low average. AAC was last covered in a report dated ‘31 July 2025’.
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 28 August 2025. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual’s appetite for upside potential, risks, holding duration, and any previous holdings. An ‘Exit’ from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Note 4: Kalkine reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
This report (“Report”) has been issued by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and prepared by Kalkine and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.
Any advice provided in this Report is general advice only and does not take into account your objectives, financial situation or needs. You should therefore consider whether the advice is appropriate for your objectives, financial situation and needs before acting upon it.
There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred in this Report. You should obtain a copy of the relevant Offer Document and consider it before making any decision about whether to acquire the security or financial product.
Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any of the general advice in this Report or on the Kalkine website. Not all investments are appropriate for all people.
The information in this Report and on the Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its reports (including this Report), newsletters and websites. All information represents our views at the date of publication and may change without notice.
The information in this Report does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products. Our reports contain general recommendations to invest in securities and other financial products. Kalkine is not responsible for, and does not guarantee, the performance of, or returns on, any investments mentioned in this Report.
Kalkine does not issue, sell or deal in any financial products.
This Report may contain information on past performance of particular investments. Past performance is not a reliable indicator of future performance. Returns stated do not take into account transaction costs and taxes. To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Report, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.
Please also read our Terms & Conditions and Financial Services Guide for further information. Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Report or on the Kalkine website. Any such employees and associates are required to comply with certain, procedures and disclosures as required by law.
Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website including entities covered in this Report.
Copyright 2025 Krish Capital Pty. Ltd. (ABN 61629651510). All Rights Reserved. No part of this report, or its content, may be reproduced in any form without our prior consent.
Past performance is not a reliable indicator of future performance.
Please wait processing your request...