Mamee ... Sep10

It is in a prime position for M&As.

It has been showing steady earnings on the abck of its instantly recognizable snack food portfolio headed by its namesake Mamee brand.

The company reported a net profit of RM10.6 million on the back of RM120 million revenue for 2QFY2010 ended June 30, 2010 and has a cash reserve of RM35.7 million. However, while the company has an overseas presence, it had to exit China given the challenge operating environment there.

Mamee is still chiefly family owned and run. However, given its relatively small size, it might be open to potential partnerships.