Sumber Tani Agung Resources Tbk PT. Stock Analysis STAA.JK

PT Sumber Tani Agung Resources Tbk engages in palm oil plantation and processing services. The company is headquartered in Medan, Sumatera Utara and currently employs 10,343 full-time employees. The company went IPO on 2022-03-10. The firm and its subsidiaries are engaged in the management and cultivation of oil palm plantations and crude palm oil processing mills and its other derivative products and the selling of the related end products. Its operations are located in North Sumatera, South Sumatera, West Kalimantan, Central Kalimantan and Singapore. In addition, it is also engaged in the development and management of plasma plantations in cooperation with smallholders. The Company’s segments include Plantations and Palm Oil Processing Industry. The company manages over 15 oil palm plantations situated in North Sumatera, South Sumatera, West Kalimantan and Central Kalimantan. The company owns and manages 10 palm oil mills, one kernel crushing facility, and one palm kernel expeller extraction plant powered by a biogas power plant. Its subsidiaries include PT Karya Agung Sawita, PT Madina Agrolestari, PT Putra Makmur Lestar, and others.