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Farm Fresh

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uuid000af5y

Namestring
Farm Fresh
Legal namestring
Farm Fresh Milk Sdn. Bhd.
Company typeenum
Public
Founded yearint
2012
Descriptiontext

Farm Fresh Milk Sdn. Bhd. is a Malaysian dairy and plant-based beverage company headquartered in Johor, founded by Loi Tuan Ee with later partnership from Azmi Zainal and investment from Khazanah Nasional (the Government of Malaysia's strategic investment arm). The company is publicly listed on Bursa Malaysia and operates an integrated value chain spanning dairy farming, processing, brand marketing, and multi-channel distribution. Its core product portfolio includes fresh milk (full cream, low fat, lactose-free, organic, A2 protein), flavored milk, growing-up milk under the Farm Fresh Grow line, Moola ChocoMalt nutritional drinks, yogurt drinks and spoonable yogurt, plant-based alternatives (soy, oat, almond), ice cream (Cream Hauz, Cone Hauz, Choco Bar), butter, milk powder, goat's milk, and whipping and cooking cream. Sub-brands Yarra, Henry Jones, and AusFresh offer premium Australian-origin dairy produced at two Australian farms and a processing plant acquired by the company.

Underlying production technology centers on regenerative dairy farming with tunnel-ventilation barns to manage tropical climate, organic pasture fertilization, and a planned biogas system to convert farm manure into power generation fuel. Farm Fresh is the first dairy company in Asia to receive Certified Humane accreditation for animal welfare. The business model is B2C mass-market FMCG, monetized through one-time retail sales across major supermarkets and convenience stores, an in-house e-commerce storefront called Farm Fresh Mart, physical farm shops, and a uniquely differentiated Home Dealer Network of 1,203 micro-entrepreneurs (80% women) that distributes products into rural and underserved Malaysian communities. The company also operates government-backed channels through partnerships with the Ministry of Education and Ministry of Health, including supply of UHT chocolate milk to primary schools under the Rancangan Makanan Tambahan supplementary feeding program. Distribution covers every state and region of Malaysia, and primary customer segments include families with children, health-conscious consumers, rural and underserved communities, and rural Malaysian dairy farmers integrated into the supply base at above-market pricing.

Short descriptiontext

Farm Fresh is a publicly listed Malaysian dairy and plant-based beverage producer serving mass-market consumers through supermarkets, an e-commerce platform, and a 1,203-member Home Dealer Network covering all Malaysian states, with premium Australian-origin sub-brands Yarra, Henry Jones, and AusFresh.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersJohor Bahru, Malaysia
HQ citystring
Johor Bahru
HQ countrystring
Malaysia
HQ regionstring
Asia
Markets served

Serves global market

Offices3 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
fresh dairy products, plant-based milk, growing-up milk, flavoured milk drinks, yogurt and cultured milk
Industry4 codes
1Dairy-Based Beverages Manufacturing (Flavored Milk, Lassi, Drinkable Yogurt)
CodeAFAKAKAHPrimaryYes
2Yogurt & Cultured Dairy Products Manufacturing (Kefir, Sour Cream, Labneh)
CodeAFAKAKACPrimaryNo
3Flavored & Sweetened Milk Drinks (Chocolate/Strawberry, Malted Milk)
CodeAFAHAIAAPrimaryNo
4Dairy Spreads, Dips & Cream Cheese Manufacturing
CodeAFAKAKALPrimaryNo
NAICS code3 codes
  • Dairy Product Manufacturing3115
  • Fluid Milk Manufacturing311511
  • Dairy Cattle and Milk Production112120
SIC code2 codes
  • Dairy Products2020
  • Food And Kindred Products2000
Product category
Fresh Dairy Products
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model1 record
1Dairy Product Sales
TypeOne Time License
Description

Farm Fresh generates revenue through the sale of fresh dairy products including fresh milk, flavored milk, yogurt, plant-based milk, ice cream, butter, milk powder, goats milk, whipping cream, and growing-up milk formulas. Products are sold through major retailers, the Home Dealer Network, and e-commerce channels.

farmfresh.com.my
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Operations, Supply Chain, Personnel, Marketing or Sales, Infrastructure, Technology or R&D
Pricing details1 tier
1Retail pricing through supermarkets and convenience stores
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Products sold at standard retail pricing through major supermarkets and convenience stores across Malaysia.

farmfresh.com.my
GTM typeB2C
B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 6 records shown
1Yarra
Description

Australian dairy brand offering pasteurized cow's milk, UHT milk, barista milk, and yogurt products made from Australian milk.

farmfresh.com.my
+5 more records
Core offering1 text field

Farm Fresh manufactures and distributes fresh dairy and plant-based products — including fresh milk, flavoured/cultured milk drinks, growing-up milk, yogurt, plant-based milk, cheese, butter, ice cream, whipping and cooking cream, and milk powder — sold under the Farm Fresh master brand and sub-brands such as Yarra, Henry Jones, Moola ChocoMalt, Cream Hauz, Farm Fresh Grow, and AusFresh. Products are delivered to end consumers through major retail chains, an e-commerce platform (Farm Fresh Mart), Farm Fresh Shops, and a Home Dealer Network of more than 1,200 micro-entrepreneurs.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 5 values shown
  • 93% positive acceptance rate for Farm Fresh Grow (based on Mom Sampling Feedback Survey Aug 2023)
+4 more records
Product overview1 text field

Farm Fresh is Malaysia's No. 1 fresh dairy brand offering a comprehensive portfolio of dairy and plant-based products. The core offering includes Fresh Milk Products (Full Cream, Skinny, Low Fat, Lactose-Free, Organic, A2 Protein), Flavoured Milk (Chocolate, Kurma, Café Latte, Banana, Strawberry, Choco Mint, Riceberry), Farm Fresh Grow (growing-up milk for children 1-6 years in UHT and powder formats), Moola ChocoMalt (chocolate malt nutritional drink), Yogurt Drinks, Plant-Based alternatives (Soy, Oat, Almond milks), Yogurt (natural and Greek varieties), Ice Cream (Cream Hauz, Cone Hauz, Choco Bar brands), Butter, Milk Powder, Goat's Milk, Whipping & Cooking Cream, and Limited Edition seasonal products. The company also operates sub-brands Yarra and Henry Jones offering premium Australian dairy products. Distribution is supported by an extensive Home Dealer Network of over 1,200 micro-entrepreneurs, primarily women, covering all Malaysian states. All products are free from preservatives and colourings.

Product and service1 record
1Farm Fresh Fresh Milk
Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership3 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2015-01-01
Description

Farm Fresh was appointed anchor company for the Muadzam Shah Cattle Research and Innovation Centre (MSCRIC) under ECERDC's human capital development programme, providing employment and training opportunities in the traditionally underserved East Coast region.

2Malaysian Ministry of Education
Strategic tierMinorTypeStrategic or Co-development Partner
Description

Partnership for school nutrition programmes including Amalan Perkhidmatan Kantin Terbaik campaign and Rancangan Makanan Tambahan (RMT) supplementary food programme supplying 200ml UHT chocolate milk to primary school students in rural and low-income areas.

farmfresh.com.my
3Malaysian Ministry of Health
Strategic tierMinorTypeStrategic or Co-development Partner
Description

Collaboration on youth nutrition initiatives and health programmes promoting better nutrition and health amongst Malaysian youth.

farmfresh.com.my
Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Market position
Competitive moat5 records

Each record includes

Type, Details

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Farm Fresh

Fresh Dairy Productsfarmfresh.com.my

Farm Fresh is a publicly listed Malaysian dairy and plant-based beverage producer serving mass-market consumers through supermarkets, an e-commerce platform, and a 1,203-member Home Dealer Network covering all Malaysian states, with premium Australian-origin sub-brands Yarra, Henry Jones, and AusFresh.

What Farm Fresh does

Farm Fresh Milk Sdn. Bhd. is a Malaysian dairy and plant-based beverage company headquartered in Johor, founded by Loi Tuan Ee with later partnership from Azmi Zainal and investment from Khazanah Nasional (the Government of Malaysia's strategic investment arm). The company is publicly listed on Bursa Malaysia and operates an integrated value chain spanning dairy farming, processing, brand marketing, and multi-channel distribution. Its core product portfolio includes fresh milk (full cream, low fat, lactose-free, organic, A2 protein), flavored milk, growing-up milk under the Farm Fresh Grow line, Moola ChocoMalt nutritional drinks, yogurt drinks and spoonable yogurt, plant-based alternatives (soy, oat, almond), ice cream (Cream Hauz, Cone Hauz, Choco Bar), butter, milk powder, goat's milk, and whipping and cooking cream. Sub-brands Yarra, Henry Jones, and AusFresh offer premium Australian-origin dairy produced at two Australian farms and a processing plant acquired by the company.

Underlying production technology centers on regenerative dairy farming with tunnel-ventilation barns to manage tropical climate, organic pasture fertilization, and a planned biogas system to convert farm manure into power generation fuel. Farm Fresh is the first dairy company in Asia to receive Certified Humane accreditation for animal welfare. The business model is B2C mass-market FMCG, monetized through one-time retail sales across major supermarkets and convenience stores, an in-house e-commerce storefront called Farm Fresh Mart, physical farm shops, and a uniquely differentiated Home Dealer Network of 1,203 micro-entrepreneurs (80% women) that distributes products into rural and underserved Malaysian communities. The company also operates government-backed channels through partnerships with the Ministry of Education and Ministry of Health, including supply of UHT chocolate milk to primary schools under the Rancangan Makanan Tambahan supplementary feeding program. Distribution covers every state and region of Malaysia, and primary customer segments include families with children, health-conscious consumers, rural and underserved communities, and rural Malaysian dairy farmers integrated into the supply base at above-market pricing.

Farm Fresh firmographics

Firmographics
Name
Farm Fresh
Legal name
Farm Fresh Milk Sdn. Bhd.
Website
https://farmfresh.com.my
Company type
Public
Founded year
2012
Operating status
Operating
Headcount range
501–1,000 employees
Short description
Farm Fresh is a publicly listed Malaysian dairy and plant-based beverage producer serving mass-market consumers through supermarkets, an e-commerce platform, and a 1,203-member Home Dealer Network covering all Malaysian states, with premium Australian-origin sub-brands Yarra, Henry Jones, and AusFresh.
Ownership category
akta.pro rank

Farm Fresh industry classification

Industry
Product category
Fresh Dairy Products
NAICS
Dairy Product Manufacturing (3115), Fluid Milk Manufacturing (311511), Dairy Cattle and Milk Production (112120)
SIC
Dairy Products (2020), Food And Kindred Products (2000)
akta.pro primary industry
Dairy-Based Beverages Manufacturing (Flavored Milk, Lassi, Drinkable Yogurt) (AFAKAKAH)
akta.pro secondary industries
Yogurt & Cultured Dairy Products Manufacturing (Kefir, Sour Cream, Labneh) (AFAKAKAC), Flavored & Sweetened Milk Drinks (Chocolate/Strawberry, Malted Milk) (AFAHAIAA), Dairy Spreads, Dips & Cream Cheese Manufacturing (AFAKAKAL)

Keywords

  • Fresh dairy products
  • Plant-based milk
  • Growing-up milk
  • Flavoured milk drinks
  • Yogurt and cultured milk

Where Farm Fresh is headquartered

Location

Headquarters

HQ city
Johor Bahru
HQ country
Malaysia
HQ region
Asia

Offices3 records

Markets served

Farm Fresh business model

Business model
GTM type
B2C
Offering type
Hardware or Manufacturing
Cost components
Operations, Supply Chain, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

  1. Dairy Product Sales: Farm Fresh generates revenue through the sale of fresh dairy products including fresh milk, flavored milk, yogurt, plant-based milk, ice cream, butter, milk powder, goats milk, whipping cream, and growing-up milk formulas. Products are sold through major retailers, the Home Dealer Network, and e-commerce channels.

Pricing tiers

ModelBillingPrice
Unit PricingPay-as-you-goRetail pricing through supermarkets and convenience stores

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Farm Fresh product offering

Product offering

Core offering

Farm Fresh manufactures and distributes fresh dairy and plant-based products — including fresh milk, flavoured/cultured milk drinks, growing-up milk, yogurt, plant-based milk, cheese, butter, ice cream, whipping and cooking cream, and milk powder — sold under the Farm Fresh master brand and sub-brands such as Yarra, Henry Jones, Moola ChocoMalt, Cream Hauz, Farm Fresh Grow, and AusFresh. Products are delivered to end consumers through major retail chains, an e-commerce platform (Farm Fresh Mart), Farm Fresh Shops, and a Home Dealer Network of more than 1,200 micro-entrepreneurs.

Product overview

Farm Fresh is Malaysia's No. 1 fresh dairy brand offering a comprehensive portfolio of dairy and plant-based products. The core offering includes Fresh Milk Products (Full Cream, Skinny, Low Fat, Lactose-Free, Organic, A2 Protein), Flavoured Milk (Chocolate, Kurma, Café Latte, Banana, Strawberry, Choco Mint, Riceberry), Farm Fresh Grow (growing-up milk for children 1-6 years in UHT and powder formats), Moola ChocoMalt (chocolate malt nutritional drink), Yogurt Drinks, Plant-Based alternatives (Soy, Oat, Almond milks), Yogurt (natural and Greek varieties), Ice Cream (Cream Hauz, Cone Hauz, Choco Bar brands), Butter, Milk Powder, Goat's Milk, Whipping & Cooking Cream, and Limited Edition seasonal products. The company also operates sub-brands Yarra and Henry Jones offering premium Australian dairy products. Distribution is supported by an extensive Home Dealer Network of over 1,200 micro-entrepreneurs, primarily women, covering all Malaysian states. All products are free from preservatives and colourings.

Differentiator

Problem solved

Functional benefit

Brands

  • Yarra: Australian dairy brand offering pasteurized cow's milk, UHT milk, barista milk, and yogurt products made from Australian milk.
  • Henry Jones
  • Farm Fresh Grow
  • Moola ChocoMalt
  • Cream Hauz
  • AusFresh

Products and services

  • Farm Fresh Fresh Milk

Quantifiable outcome

  • 93% positive acceptance rate for Farm Fresh Grow (based on Mom Sampling Feedback Survey Aug 2023)
  • +4 more outcomes

Companies that use Farm Fresh

Customer profile

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Farm Fresh technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Farm Fresh partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered core and minor.

  • East Coast Economic Region Development Council (ECERDC)coreStrategic or Co-development Partner · 1 January 2015Farm Fresh was appointed anchor company for the Muadzam Shah Cattle Research and Innovation Centre (MSCRIC) under ECERDC's human capital development programme, providing employment and training opportunities in the traditionally underserved East Coast region.
  • Malaysian Ministry of EducationminorStrategic or Co-development PartnerPartnership for school nutrition programmes including Amalan Perkhidmatan Kantin Terbaik campaign and Rancangan Makanan Tambahan (RMT) supplementary food programme supplying 200ml UHT chocolate milk to primary school students in rural and low-income areas.
  • Malaysian Ministry of HealthminorStrategic or Co-development PartnerCollaboration on youth nutrition initiatives and health programmes promoting better nutrition and health amongst Malaysian youth.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Farm Fresh competitors and assessment

Company assessment

Market position

Competitive moat5 records

Key highlights7 records

Customer concentration

Farm Fresh social profiles

Digital presence

Farm Fresh financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Farm Fresh leadership team

Management profile

Number of profiles

Profiles2 records

Farm Fresh subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Farm Fresh funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Farm Fresh M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Farm Fresh

What does Farm Fresh do?

Farm Fresh manufactures and distributes fresh dairy and plant-based products — including fresh milk, flavoured/cultured milk drinks, growing-up milk, yogurt, plant-based milk, cheese, butter, ice cream, whipping and cooking cream, and milk powder — sold under the Farm Fresh master brand and sub-brands such as Yarra, Henry Jones, Moola ChocoMalt, Cream Hauz, Farm Fresh Grow, and AusFresh. Products are delivered to end consumers through major retail chains, an e-commerce platform (Farm Fresh Mart), Farm Fresh Shops, and a Home Dealer Network of more than 1,200 micro-entrepreneurs.

Is Farm Fresh a public or private company?

Farm Fresh is a public company. It is classified as public and is currently operating.

When was Farm Fresh founded?

Farm Fresh was founded in 2012. It employs 501 to 1,000 people.

Where is Farm Fresh based?

Farm Fresh is headquartered in Johor Bahru, Malaysia, in the Asia region.

How does Farm Fresh make money?

One revenue line is on record: dairy Product Sales.

Does Farm Fresh have an API?

No public API is recorded for Farm Fresh.

What industry is Farm Fresh in?

Farm Fresh's product category is Fresh Dairy Products. Its primary akta.pro industry code is AFAKAKAH, Dairy-Based Beverages Manufacturing (Flavored Milk, Lassi, Drinkable Yogurt), with a secondary code of AFAKAKAC, Yogurt & Cultured Dairy Products Manufacturing (Kefir, Sour Cream, Labneh). Its NAICS code is 3115 and its SIC code is 2020.

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Live signals
The Edge MalaysiaFarm Fresh to buy another 20% of Inside Scoop from co-founder for RM50.8 milFarm Fresh Bhd said it will buy an additional 20% stake in ice cream chain The Inside Scoop Sdn Bhd for RM50.8 million, triggered by co-founder Edmund Tan's exercise of a put option on his 174,618 shares. The deal will raise Farm Fresh's holding to 85% from 65%, leaving Tan with 15%. Shares rose 1.5% to RM2.05, giving the group a market capitalisation of RM3.86 billion.The Edge MalaysiaFarm Fresh takes hit as rising expenses eclipse record revenueFarm Fresh Bhd reported a 18% drop in net profit to RM26.82 million for the quarter ended June 30, 2026, as fuel, plastic bottle and staff costs rose, despite record revenue of RM306.37 million up 18% year-on-year. The company raised prices on selected plastic-bottled products by about 3% in Malaysia and 10% in Singapore, with no dividend announced.Manila BulletinVictorias fans win as Foxies outlast Solar Spikers in five-set thrillerFarm Fresh defeated Capital1 in a five-set volleyball match during the PVL On Tour Showdown held at the Victorias City Coliseum in Negros Occidental on August 22. The victory served as a strategic tuneup for Farm Fresh ahead of the upcoming PVL Invitational tournament, while marking the conclusion of Capital1's campaign in the show-down series.Manila BulletinFarm Fresh halts Nxled in LanaoFarm Fresh defeated Nxled in straight sets (25-23, 25-13, 25-22) at the PVL On Tour Showdown in Lanao del Norte on August 15. The victory served as a rebound from a previous loss and provided confidence for Farm Fresh's final tournament match against Capital1 Solar Spikers.NST OnlineFarm Fresh targets Cambodia dairy market with 3Q plant launchFarm Fresh Bhd is accelerating its regional expansion with a new dairy processing plant in Cambodia expected to commence full operations in the third quarter, featuring four production lines with annual capacity of 20 million litres of pasteurised milk and 40 million litres of UHT milk. The plant addresses logistics constraints from exporting while capitalising on disrupted Thai supply chains due to geopolitical tensions and growing consumer preference for non-Thai dairy products, with the pasteurised milk segment alone estimated at over RM200 million annually. The company also plans to boost ice cream production capacity to one million pieces per day with a new integrated facility in Bandar Baru Enstek, Malaysia, expected to start production in the second half of the year.The StarMarket dip opens door for consumer stock picksAffin Hwang Investment Bank Research is maintaining an "overweight" stance on Malaysia's consumer sector, viewing the current market weakness as an opportunity to accumulate quality stocks. The research house reported that 1Q26 sector revenue grew 6% year-on-year with core earnings rising 2%, while noting cost pressures remain manageable despite concerns over rising living costs and higher operating expenses. The firm identified 99 Speed Mart Retail Holdings Bhd and Farm Fresh Bhd as its top buy recommendations among selected staples and value-orientated retailers.NDTV ProfitBlessing In Disguise? Why Iran War May Address Asia's Plastic Pollution WoesThe Iran conflict has disrupted petrochemical and plastic feedstock supplies from the Middle East to Asia, pushing plastic prices to nearly four-year highs and forcing companies to explore sustainable packaging alternatives. South Korea's Yonwoo (Kolmar Korea) has seen surging demand for eco-friendly paper tubes, while Taiwan's Lastic reports renewed buyer interest in bamboo-based materials due to rising plastic costs. Malaysia's Farm Fresh has shifted to paper-based milk cartons, though some manufacturers like South Korea's Gaone International have struggled with production cuts amid supply shortages.The Times of IndiaIran war promises green edge for Asia as plastic packaging runs short - The Economic TimesThe Iran war has disrupted plastic supplies, sending prices to roughly four-year highs and choking off flows of oil and petrochemical feedstocks needed for plastic production in Asia. The supply shock has unexpectedly boosted demand for eco-friendly paper packaging alternatives, with South Korea's Yonwoo reporting a three-fold increase in inquiries for paper-based options that use 80% less plastic than conventional packaging. Several Asian companies are adapting to the disruption—Malaysia's Farm Fresh has switched to paper-based milk cartons, while South Korea's Gaone International has slashed output to 10-20% due to supply shortages, and Japanese plastic makers Mitsubishi Chemical and Sanipak are raising prices by about 30% in coming weeks.BloombergDairy Tycoon Bets on Southeast Asia for Next Leg of GrowthFarm Fresh Bhd, Malaysia's largest dairy producer, is expanding across Southeast Asia, having built a presence in the Philippines and recently seized an opening in Cambodia after border tensions disrupted milk supplies. It is preparing to open a plant in Cambodia and eyeing Indonesia, where it sees growth potential amid President Prabowo Subianto's $30 billion free lunch plan.