Ecuador – Katalyst Wealth

[Stock note] – Apex Frozen…is the shrimp industry bottoming out?

June 21, 2024

Hello Sir, Hope you are doing well. Recently, I was going through the con-call of Apex Frozen Foods which exports processed shrimps to US, EU, China and other markets. The demand from US continues to be low. However, things might start turning favorable for the company and the sector with the imposition of Anti-Dumping (AD) and Countervailing Duties (CVD) on Ecuador and Indonesia. To understand the company better, we have shared notes from the Q4 FY 24 con-call of the company. Before that: …

[Stock notes] – Apex Frozen…is the shrimp industry bottoming out?

March 7, 2024

Hello Sir, Hope you are doing well. Recently, I was going through the con-call of Apex Frozen Foods which exports processed shrimps to US, EU, China and other markets. The demand from US continues to be low. However, as per the management, they believe both the supply and demand should be better in FY 25 in comparison to FY 24. In general, we like looking at companies which have done well in the past but currently going through a tough phase as…

[Stock notes] – Avanti Feeds…is the Shrimps industry bottoming out?

December 21, 2023

Hello Sir, Hope you are doing well. I am sure you must be aware of Avanti Feeds, one of the largest Shrimps feed producer in India. 10 years back in Dec 2013 the stock was quoting around 15-20 odd levels; it then rose to record high of 950-970 odd levels in Oct-Nov 2017. Since then, the stock has performed poorly and currently languishing around 400 odd levels. The question is, has the Shrimps industry bottomed out? As per the management, an upturn in the US shrimps import…

[Stock notes] – Coastal Corporation…good news for Shrimps industry stocks?

December 7, 2023

Hello Sir, Hope you are doing well. India has been a major exporter of processed Shrimps to US; however, the last few years have been bad for the industry with strong competition emerging from Ecuador. Finally, is there a good news for Shrimps industry stocks listed in India? Recently, I was reading that US is considering a petition to levy Countervailing (CV) and Anti-Dumping (AD) duties on Ecuador and Indonesia. If US levies both CV and AD duties on Ecuador, Indian shrimps exporters may…