Indonesian Undiscovered Gems With Strong Fundamentals

Sampoerna Agro

Market Cap: Rp4.4t

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

Pelayaran Nasional Ekalya Purnamasari

Market Cap: Rp2.6t

Engages in the sea transportation business in Indonesia.

Sona Topas Tourism Industry

Market Cap: Rp2.2t

Offers travel agency and other reservation services in Indonesia.

Duta Intidaya

Market Cap: Rp2.2t

Engages in retail and trade of health and beauty products under the Watsons brand in Indonesia.

Metropolitan Land

Market Cap: Rp3.7t

Develops residential and commercial properties in Indonesia.

Bank Nationalnobu

Market Cap: Rp4.5t

Provides banking products and services in Indonesia.

Enseval Putera Megatrading

Market Cap: Rp6.1t

Engages in the distribution and supply of pharmaceutical products, consumer products, medical equipment, cosmetics, and other products in Indonesia.

Austindo Nusantara Jaya

Market Cap: Rp5.8t

Engages in the oil palm plantation business in Indonesia.

Multi Spunindo Jaya

Market Cap: Rp1.8t

Manufactures and sells nonwoven materials in Indonesia and internationally.

Elnusa

Market Cap: Rp3.4t

Provides oil and gas services in Indonesia.

Arwana Citramulia

Market Cap: Rp4.2t

Manufactures and distributes ceramic tiles in Indonesia.

Raharja Energi Cepu

Market Cap: Rp17.3t

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

Wintermar Offshore Marine

Market Cap: Rp1.7t

Provides supporting services for the offshore transportation for the oil and gas industry in Indonesia, Malaysia, Brunei, Myanmar, Thailand, India, Vietnam, the Philippines, the Middle East, and Taiwan.

ITSEC Asia

Market Cap: Rp6.2t

Provides cybersecurity solution and services in the Asia Pacific region.

Central Omega Resources

Market Cap: Rp2.6t

Engages in the mineral mining business in Indonesia.

Garuda Metalindo

Market Cap: Rp3.0t

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

Blue Bird

Market Cap: Rp4.6t

Provides taxi transportation services in Indonesia.

Puradelta Lestari

Market Cap: Rp6.6t

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

Metropolitan Kentjana

Market Cap: Rp21.2t

Develops and manages land and buildings in Indonesia.

Energi Mega Persada

Market Cap: Rp8.3t

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

Bangun Kosambi Sukses

Market Cap: Rp27.7t

Engages in the real estate business in Indonesia.

Ancara Logistics Indonesia

Market Cap: Rp9.8t

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

Indonesia Kendaraan Terminal

Market Cap: Rp1.8t

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

Bank Pan Indonesia

Market Cap: Rp27.6t

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

Jayamas Medica Industri

Market Cap: Rp4.9t

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

Lippo Karawaci

Market Cap: Rp5.7t

Provides property development services in Indonesia.

Cikarang Listrindo

Market Cap: Rp10.8t

Operates power generating facilities in Indonesia.

Elang Mahkota Teknologi

Market Cap: Rp28.9t

Through its subsidiaries, engages in the media, healthcare, and other businesses in Indonesia.

Multi Bintang Indonesia

Market Cap: Rp12.2t

Operates as a beverage company in Indonesia and internationally.

Prodia Widyahusada

Market Cap: Rp2.6t

Provides clinical laboratory services primarily in Indonesia.

Indah Kiat Pulp & Paper

Market Cap: Rp29.4t

Engages in the manufacture of cultural paper, pulp, tissue, and industrial paper in Indonesia, Asia, the United States, Australia, the Middle East, Africa, and Europe.

Mastersystem Infotama

Market Cap: Rp4.1t

Provides information and communication technology infrastructure solutions and system integration services to enterprise banking, oil and gas, enterprise, and telecommunication markets in Indonesia.

Sariguna Primatirta

Market Cap: Rp14.0t

Produces and sells beverage products in Indonesia.

Bank Aladin Syariah

Market Cap: Rp11.8t

Provides sharia banking products and services in Indonesia.

Dharma Satya Nusantara

Market Cap: Rp8.4t

Operates in the palm oil and wood product business in Indonesia.