PT Prime Agri Resources Tbk (SGRO.JK)
PT Prime Agri Resources Tbk operates in the Agricultural Farm Products industry of the Consumer Defensive sector, headquartered in Palembang, JK, ID. The stock last traded at $4420.00, down 3.28% on the session, giving a market capitalisation of $8.04T. Its beta of -0.41 implies it has historically moved less than the broad market.
PT Sampoerna Agro Tbk, operating with its subsidiaries, is an Indonesian company predominantly engaged in the cultivation of palm oil and rubber, alongside managing palm oil mills. Its operations extend across Indonesia and internationally, structured into two key segments: Palm products and other offerings. The company's product portfolio encompasses crude palm oil, palm kernel, and premium DxP Sriwijaya brand oil palm seeds. Beyond palm, it also provides non-palm items such as rubber and Prima Starch brand sago starch. Additionally, Sampoerna Agro is involved in the sustainable use of forestry products, offers management advisory services, and conducts wholesale trading. The firm actively develops and collaborates on plasma plantations with local farmers. As of December 31, 2021, its total planted area reached 118,962 hectares, covering oil palm inti, sago, and rubber. Established in 1993 under the name PT Selapan Jaya, the company rebranded to PT Sampoerna Agro Tbk in 2007. Headquartered in Palembang, Indonesia, it operates as a subsidiary of Sampoerna Agri Resources Pte. Ltd.
PT Prime Agri Resources Tbk is most often compared with the following Consumer Defensive names: