PT Budi Starch & Sweetener Tbk (BUDI.JK)
PT Budi Starch & Sweetener Tbk operates in the Packaged Foods industry of the Consumer Defensive sector, headquartered in Jakarta Selatan, JK, ID. The stock last traded at $222.00, down 1.77% on the session, giving a market capitalisation of $997.06B. Its beta of 0.33 implies it has historically moved less than the broad market.
PT Budi Starch & Sweetener Tbk, along with its affiliated entities, operates in Indonesia and globally, focusing on the manufacturing and sale of products derived from cassava. The company's diverse portfolio includes tapioca and modified tapioca starch, which are utilized across various industries such as food, paper, confectionery, chemicals, and instant noodles. It also supplies a range of sweeteners like glucose, fructose, sorbitol, and maltodextrin. Furthermore, the firm produces polypropylene woven bags for packaging purposes and provides sulfuric acid, a crucial chemical component for fertilizer production, rayon manufacturing, dyes, medicines, detergents, inorganic salts, oil refineries, and metallurgical processes. Additional offerings encompass citric acid, other chemical compounds, and organic fertilizers. Established in 1979, the company is headquartered in Jakarta Selatan, Indonesia. It was formerly known as PT Budi Acid Jaya Tbk, adopting its current name, PT Budi Starch & Sweetener Tbk, in July 2013.
PT Budi Starch & Sweetener Tbk is most often compared with the following Consumer Defensive names: