Indonesian Materials Healthy potentially undervalued

Trimegah Bangun Persada

Market Cap: Rp60.2t

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.

Vale Indonesia

Market Cap: Rp54.8t

Engages in the mining and processing of nickel in Indonesia.

Indocement Tunggal Prakarsa

Market Cap: Rp18.2t

Manufactures and sells cement products in Indonesia and internationally.

Antam (Persero)

Market Cap: Rp76.2t

Operates as a diversified metals and mining company in Indonesia.

Avia Avian

Market Cap: Rp20.7t

Manufactures and distributes paints and building materials in Indonesia.

Archi Indonesia

Market Cap: Rp35.2t

Through its subsidiaries, engages in gold and silver mining business in Indonesia.