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Trades about 33% below its sector, cheaper than its peers on earnings.
PT Sekar Bumi Tbk, an Indonesian company founded in 1968 and headquartered in Jakarta Selatan, primarily focuses on the processing, production, trade, and distribution of frozen food products. Their extensive range includes various shrimp preparations, such as block-packed, raw, cooked, and peeled prawns. The company also produces a diverse selection of other processed frozen foods, encompassing different types of balls (e.g., beef, seafood, fish, shrimp, squid), an assortment of dumplings and savory snacks (like shiumai, hakau, kekian, martabak, mini wonton, nuggets, puffs, samosa, spring rolls, and sausages), and specialty items such as cheese and vegetable fish cakes, 'brosur bumifood', fish tofu, fish cake laksa recipe, and scallops. Furthermore, Sekar Bumi processes cashew nuts and other nut products, and manufactures bread crumbs and breaded shrimps. Beyond its core food business, the company's interests span agriculture, fisheries, aquaculture, trading, transportation, construction, services, printing, and workshops. Products are marketed under the FINNA, SKB, Bumifood, and Mitraku brands, serving customers both domestically in Indonesia and internationally, with exports reaching the United States, Europe, Japan, and other Asian countries.
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