Rhonema was listed on the main market of Bursa in December 2016 at an issue price of 75sen.
It is mainly involved in manufacturing and distribution of animal health products to livestock industry, as well as distribution and supply of food ingredients to food manufacturers.
The animal health products include pharmaceuticals, vaccines, feed & feed additives etc, are mainly for the poultry & swine segment.
In early 2020, the company expanded into the ruminant segment (cow) by acquiring 49% stake in 3 companies.
This acquisition includes a small dairy farming business which produces fresh milk which is sold to wholesalers.
Rhonema mentioned that it has a plan to grow this dairy farming business and did not rule out venturing downstream to have its own brand of fresh milk products in the future.
That's one of the main reasons I decided to invest in Rhonema.
