173
-6.99%
Close of 9 Nov 2026, in IDR
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About Formosa Ingredient Factory Tbk PT
Its shares trade on IDX under the ticker BOBA.JK. It has been listed since 1 November 2021. In the fiscal year to 31 December 2025, it reported revenue of IDR 167.86bn and net income of IDR 16.69bn. At that date it held total assets of IDR 183.04bn and shareholders' equity of IDR 167.54bn.
PT Formosa Ingredient Factory Tbk produces packaged food. The company is headquartered in Tangerang, Banten. The company went IPO on 2021-11-01. The firm produces various variants of products under the Boba King brand. The products produced under the Boba King brand are tapioca pearls, topping jelly, premium sauce, syrup, and premix powder. In addition to these products, the Company plans to add product variants popping boba, with brand BOOMBA. The firm distributes throughout Indonesia, through restaurants, local coffee shops and international chains stores, premium modern market, and retail. The firm is also focused on export markets in Asia, including Japan, the Philippines, Hong Kong, Malaysia, Vietnam, and South Korea. Its products include Brown Sugar Jelly, Cocopandan Jelly, Coffee Jelly, Grape Jelly, Grass Jelly, Pandan Jelly, Premium Jelly Brown Sugar, and Premium Jelly Cocopandan.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Consumer Staples
- Industry
- Food Products
- Listed since
- 1 Nov 2021
- Employees
- 51
- Website
- bobaking.co.id ↗
Leadership
Pay as last reported
- Mr. Jen-you TsengPresident Commissioner
- Ms. Yunita Sugiarto EwPresident Director, Corporate Secretary, since 2021
- Mr. Ieyanto Yamin GeDirector
- Ms. Dewi Irianty WijayaVice Director
- Mr. Hengky WijayaCommissioner
- Mr. David AlusinsingIndependent Commissioner
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Boba King brand produces tapioca pearls and topping jelly for Indonesian restaurants and coffee shops.
- BOOMBA brand plans to add popping boba variants to expand product offerings in Asia.
- Formosa Ingredient Factory Tbk distributes through premium modern markets and international chains in Indonesia.
Weaknesses
- Limited employee count of 51 restricts operational scale and market reach.
- IPO on 1 November 2021 indicates recent market entry with limited financial history.
- Focus on specific product lines like jelly variants may limit diversification opportunities.
Opportunities
- Export markets in Japan, Philippines, Hong Kong, Malaysia, Vietnam, and South Korea for product expansion.
- Growing demand for boba tea ingredients in Asia drives potential market growth.
- Premium modern markets and retail channels offer new distribution avenues for product sales.
Threats
- Competition from established food ingredient suppliers in Indonesia's Consumer Staples sector.
- Economic fluctuations in Asian export markets could impact demand for boba ingredients.
- Overreliance on specific product types like jelly variants may increase market vulnerability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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