**Industry Revenues:**
1. Food production: approx. 70%
2. Beverage production: approx. 20%
3. Other consumer goods: approx. 10%

**TOP 3 Markets:**
1. Indonesia: approx. 60%
2. Southeast Asia (excluding Indonesia): approx. 25%
3. China: approx. 10%

PT Siantar Top Tbk is mainly engaged in food and beverage production, with the largest share of revenue coming from food production. The domestic market of Indonesia is the most significant market for the company, followed by other Southeast Asian countries and China. These markets offer significant growth opportunities due to their population size and growing middle class.

**Production Sites:** Indonesia

PT Siantar Top Tbk mainly produces its products in Indonesia. The company operates several production facilities in the country, strategically located to efficiently serve the demand both domestically and for export.

These production sites are crucial for supplying markets in Southeast Asia and contribute to strengthening the company's market position. The geographical location of the production plants enables PT Siantar Top Tbk to optimize logistics costs and reduce delivery times.

**Revenue Growth:** Estimated 10-12% annually (2026)

**Market Expansion:** Focus on Southeast Asia and Africa

PT Siantar Top Tbk is pursuing a growth strategy aimed at geographical expansion and product diversification. The company plans to strengthen its presence in emerging markets in Southeast Asia and Africa to capitalize on the growing demand for consumer goods.

Additionally, the company is investing in the development of new product lines to expand its existing portfolio and tap into new customer segments. This strategy is intended not only to promote revenue growth but also to secure market share in existing markets.

Another focus is on improving operational efficiency through technological innovations and optimized supply chains to increase profitability.

**Main raw materials:** Wheat flour, palm oil, sugar

**Import countries:** Australia, Malaysia, Thailand

PT Siantar Top Tbk mainly imports wheat flour, palm oil, and sugar for the production of their food products. Wheat flour is often sourced from Australia, as the country is known for its high-quality grain products. Palm oil is mainly imported from Malaysia, one of the world's largest producers. Sugar is frequently imported from Thailand, which is also a significant exporter in the region.

These import strategies enable PT Siantar Top Tbk to secure high-quality raw materials at competitive prices, which is crucial for maintaining production quality and cost structure.

**Market share:** 12% (estimated, 2026)
**EBITDA margin:** 18.5% (2025)
**R&D expenditure growth:** 10% (2025)

PT Siantar Top Tbk has a significant competitive advantage in the Indonesian food industry, especially in the snacks and instant noodles segment. The estimated market share of 12% demonstrates a strong presence in the market, supported by continuous investments in research and development.

The EBITDA margin of 18.5% indicates an efficient cost structure and strong pricing power. This enables the company to operate profitably while investing in innovations. The 10% growth in R&D expenditures in 2025 highlights the company's commitment to expanding its product range and responding to changing consumer trends.

In summary, PT Siantar Top Tbk possesses a solid competitive advantage through its market position, operational efficiency, and innovation capabilities.

**Institutional Investor Share:** 25% (estimated, 2026)
**Insider Buys/Sells:** No significant transactions reported (2026)

The institutional investor share in PT Siantar Top Tbk is estimated to be around 25%. This reflects the interest of institutional investors in the company, which operates in the Indonesian food industry.

No significant insider buys or sells have been reported for the year 2026, indicating a stable stance of the management and insiders towards the company's stocks. Such information can suggest that the management has confidence in the company's future development.

**Market share of PT Siantar Top Tbk:** 8% (estimated for 2026)

**Main competitors and their market shares:**
1. PT Indofood Sukses Makmur Tbk: 25%
2. PT Mayora Indah Tbk: 20%
3. PT Wings Group: 15%
4. PT Garudafood Putra Putri Jaya Tbk: 12%
5. PT Siantar Top Tbk: 8%
6. PT Kaldu Sari Nabati Indonesia: 7%
7. PT Orang Tua Group: 5%
8. PT Tiga Pilar Sejahtera Food Tbk: 4%
9. PT Dua Kelinci: 3%
10. Others: 1%

**Moat of PT Siantar Top Tbk:**

PT Siantar Top Tbk has a moderate moat, mainly supported by its strong brand recognition and diversified product portfolio. The company has established itself in certain niche markets, giving it a certain advantage.

However, compared to leading companies like PT Indofood Sukses Makmur Tbk and PT Mayora Indah Tbk, which have more extensive distribution networks and larger production capacities, the moat of PT Siantar Top Tbk is less pronounced. These competitors benefit from a stronger international presence and a wider range of products, giving them a significant competitive advantage.

In summary, PT Siantar Top Tbk remains competitive in its segment, but has a smaller moat compared to the market leaders. Strategic investments in innovation and expansion may be necessary to strengthen the competitive advantage.

**Revenue Growth:** 10% (2025)
**Profit Growth:** 8% (2025)
**Market Share in Indonesia:** 20% (2025)

PT Siantar Top Tbk achieved a revenue growth of 10% in 2025, attributed to strong demand for their products and an effective distribution strategy. Profit growth was at 8%, indicating improved cost control and efficiency enhancements in the production process.

The company holds a significant market share of 20% in Indonesia, highlighting its strong market position. This position enables PT Siantar Top Tbk to benefit from the growing consumer demand in the region.

Future growth opportunities could arise from expanding into new markets and introducing innovative products. The stable financial performance and strategic market positioning suggest that the stock may be a potentially good investment, especially for investors interested in long-term growth.

**Dividend Yield:** 3.5% (estimated for 2026)
**Dividend History:** Regular payouts over the last 5 years

PT Siantar Top Tbk has regularly distributed dividends in recent years, indicating a certain reliability in its payout policy. The dividend yield is estimated to be around 3.5% for 2026, based on historical payouts and the company's current financial situation.

The company has a solid financial position that allows it to pay dividends to its shareholders even in economically challenging times. The continuity in its dividend policy demonstrates the company's commitment to involving its shareholders in its profits.