Indonesian Materials Healthy potentially undervalued

Avia Avian

Market Cap: Rp21.9t

Manufactures and distributes paints and building materials in Indonesia.

Indocement Tunggal Prakarsa

Market Cap: Rp17.1t

Manufactures and sells cement and ready-mix concrete products in Indonesia and internationally.

Aneka Tambang

Market Cap: Rp84.1t

Operates as a diversified metals and mining company in Indonesia.

TIMAH

Market Cap: Rp23.2t

Engages in tin mining and smelting operations in Indonesia and internationally.

Trimegah Bangun Persada

Market Cap: Rp70.2t

PT Trimegah Bangun Persada TBK engages in the nickel ore mining and processing in Indonesia and distributes the products to China, Switzerland, Hong Kong, Sweden, and Singapore.