Indonesian Undiscovered Gems With Strong Fundamentals

Sampoerna Agro

Market Cap: Rp8.2t

Operates palm oil and rubber plantations, and palm oil mills in Indonesia and internationally.

Multi Bintang Indonesia

Market Cap: Rp12.4t

Operates as a beverage company in Indonesia and internationally.

Metropolitan Land

Market Cap: Rp3.4t

Develops residential and commercial properties in Indonesia.

Samudera Indonesia

Market Cap: Rp5.6t

Provides shipping, ports, logistics, and services in Indonesia, Southeast Asia, the Middle East, India, and internationally.

Total Bangun Persada

Market Cap: Rp2.6t

Provides construction services primarily in Indonesia.

Mitrabara Adiperdana

Market Cap: Rp2.0t

Engages in coal mining, trading, and industrial businesses.

Steel Pipe Industry of Indonesia

Market Cap: Rp2.9t

Together with its subsidiary, PT Spindo Engineering Industry, manufactures and sells steel pipes/tubes and other related products in Indonesia and internationally.

Central Proteina Prima

Market Cap: Rp3.6t

Operates as an integrated aquaculture shrimp and foods producer company in Indonesia and internationally.

Multi Spunindo Jaya

Market Cap: Rp1.8t

Manufactures and sells nonwoven materials in Indonesia and internationally.

Intra Golflink Resorts

Market Cap: Rp4.3t

Develops and manages golf courses in Indonesia.

Humpuss Maritim Internasional

Market Cap: Rp3.2t

PT Humpuss Maritim Internasional Tbk., together with its subsidiaries, transports liquified natural gas, crude oil, fuel oil, chemicals, containers, coal, and other sea cargoes in Indonesia.

Raharja Energi Cepu

Market Cap: Rp16.6t

Through its subsidiary, PT Raharja Energi Tanjung Jabung, engages in the mining and excavation of oil and gas blocks in Indonesia.

Mark Dynamics Indonesia

Market Cap: Rp2.4t

Manufactures and sells hand former products in Indonesia and internationally.

Arwana Citramulia

Market Cap: Rp4.1t

Manufactures and distributes ceramic tiles in Indonesia.

Central Omega Resources

Market Cap: Rp3.9t

Engages in the mineral mining business in Indonesia.

Blue Bird

Market Cap: Rp4.5t

Provides taxi transportation services in Indonesia.

Garuda Metalindo

Market Cap: Rp2.5t

Manufactures and sells precision fasteners and engineered components primarily for the automotive industry in Indonesia, rest of Asia, Europe, and the Americas.

Salim Ivomas Pratama

Market Cap: Rp9.9t

Produces and sells edible oils and fats in Indonesia, China, Singapore, Timor Leste, Nigeria, Haiti, Germany, the Philippines, Papua New Guinea, and internationally.

Bank OCBC NISP

Market Cap: Rp31.3t

Provides various banking products and services to corporate and individual customers in Indonesia.

Selamat Sempurna

Market Cap: Rp10.9t

Manufactures and sells tools or equipment for vehicles, heavy equipment, and other machinery in Indonesia and internationally.

Puradelta Lestari

Market Cap: Rp6.7t

Engages in the development, management, operation, lease, and sale of residential, commercial, industrial real estate properties in Indonesia.

Metropolitan Kentjana

Market Cap: Rp24.1t

Develops and manages land and buildings in Indonesia.

Sumber Tani Agung Resources

Market Cap: Rp10.9t

Engages in the management and cultivation of oil palm plantations and crude palm oil processed mills, and its derivative products in Indonesia, Singapore, and internationally.

Sariguna Primatirta

Market Cap: Rp13.8t

Produces and sells beverage products in Indonesia.

Bank Pan Indonesia

Market Cap: Rp27.8t

Engages in providing banking products and services for individuals and businesses in Indonesia and internationally.

Nusantara Sawit Sejahtera

Market Cap: Rp10.2t

Engages in the palm oil plantation business in Indonesia.

Ancara Logistics Indonesia

Market Cap: Rp8.4t

Engages in the sea transportation, transshipment, and intermediate stockpile services in Indonesia.

Energi Mega Persada

Market Cap: Rp13.8t

An upstream oil and gas company, through its subsidiaries explores, develops, produces, and sells crude oil and natural gas in Indonesia and Mozambique.

Jayamas Medica Industri

Market Cap: Rp5.1t

Manufactures and sells medical devices in Indonesia, the United States of America, and South America.

Indonesia Kendaraan Terminal

Market Cap: Rp2.0t

Engages in the cargo loading-unloading and stacking yard business activities.

Trimitra Trans Persada

Market Cap: Rp1.8t

Engages in providing motorized transportation for public vehicles.

Cikarang Listrindo

Market Cap: Rp11.2t

Operates power generating facilities in Indonesia.

Metrodata Electronics

Market Cap: Rp7.2t

Engages in the information and communication technology (ICT) business in Indonesia.

ITSEC Asia

Market Cap: Rp6.3t

Provides cybersecurity solution and services in the Asia Pacific region.

Daya Intiguna Yasa

Market Cap: Rp30.0t

Operates as a home improvement retailer in Indonesia and internationally.

Bank Aladin Syariah

Market Cap: Rp11.9t

Provides sharia banking products and services to individual and business customers in Indonesia.