Indonesian Undiscovered Gems With Strong Fundamentals

Indonesia Kendaraan Terminal

Market Cap: Rp2.2t

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

Bank Aladin Syariah

Market Cap: Rp11.8t

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

Adi Sarana Armada

Market Cap: Rp3.9t

Provides corporate car rental and transportation solutions, logistics, driver services, automotive auction, car sharing, online vehicle trading, and parcel delivery services in Indonesia.

Sumber Tani Agung Resources

Market Cap: Rp14.8t

Manages and cultivates oil palm plantations and crude palm oil processed mills, and its derivative products in Indonesia and internationally.

Perusahaan Perkebunan London Sumatra Indonesia

Market Cap: Rp9.7t

Engages in the plantation business in Indonesia and internationally.

Arwana Citramulia

Market Cap: Rp3.9t

Manufactures and distributes ceramic tiles in Indonesia.

ITSEC Asia

Market Cap: Rp8.9t

Provides cybersecurity solution and services in the Asia Pacific region.

Bank Neo Commerce

Market Cap: Rp5.3t

Provides digital banking products and services in Indonesia.

Mulia Boga Raya

Market Cap: Rp4.1t

Manufactures and sells cheese and mayonnaise under the Prochiz and Top Chiz brand names in Indonesia.

TIMAH

Market Cap: Rp21.7t

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

Ramayana Lestari Sentosa

Market Cap: Rp2.6t

Operates a chain of department stores in Indonesia.

Dharma Satya Nusantara

Market Cap: Rp18.7t

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

Astra Agro Lestari

Market Cap: Rp15.0t

Engages in the crude palm oil and related derivatives business in Indonesia.