The political uncertainty in Thailand has depressed the nation's stock market, but CLSA expects that earnings of Union Frozen, a tuna and shrimp processor, will rise as much as 10% this year on improving sales and margins.
In 1999 Johnson launched "Operation Excel, " shutting down 20 factories and selling the Weight Watchers business to better focus on foodstuffs--ketchups, condiments, sauces, canned tuna and jarred and frozen vegetables.