Indonesian Potentially Undervalued Companies

Adaro Minerals Indonesia

Market Cap: Rp36.8t

Engages in metallurgical coal mining business in Indonesia.

Bank CIMB Niaga

Market Cap: Rp41.2t

Provides various banking products and services in Indonesia and internationally.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp228.8t

Provides information and communications technology, and telecommunications network services worldwide.

Indosat Ooredoo Hutchison

Market Cap: Rp43.1t

Provides digital telecommunication services in Indonesia.

Bank Negara Indonesia (Persero)

Market Cap: Rp140.5t

Provides various banking products and services in Indonesia, rest of Asia, New York, and Europe.

Japfa Comfeed Indonesia

Market Cap: Rp23.0t

Operates as an agri-food company.

Aneka Tambang

Market Cap: Rp38.1t

Operates as a diversified mining and metals company in Indonesia and internationally.

United Tractors

Market Cap: Rp83.1t

Sells and rents heavy equipment in Indonesia.

Triputra Agro Persada

Market Cap: Rp16.8t

Engages in the oil palm plantations and palm oil processing businesses in Indonesia.

Perusahaan Perkebunan London Sumatra Indonesia

Market Cap: Rp7.1t

Engages in the plantation business in Indonesia and internationally.

Trimegah Bangun Persada

Market Cap: Rp41.0t

PT Trimegah Bangun Persada TBK engages in the nickel ore mining and processing business in China, Switzerland, Sweden, and Indonesia.

Indofood Sukses Makmur

Market Cap: Rp61.2t

Operates as a food solutions company in Indonesia, the Middle East, Africa, rest of Asia, internationally.

Bank BTPN Syariah

Market Cap: Rp6.8t

Provides various banking products and services in Indonesia.

PT. Media Nusantara Citra

Market Cap: Rp3.3t

Operates as an integrated media company in Indonesia.

Bank Mandiri (Persero)

Market Cap: Rp411.6t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, England, and the Cayman Islands.

Harum Energy

Market Cap: Rp9.3t

Through its subsidiaries, engages in the coal and minerals mining, and logistics and processing activities in Indonesia.

Salim Ivomas Pratama

Market Cap: Rp5.9t

Operates as an integrated producer of edible oils and fats in Indonesia, China, Singapore, Nigeria, Timor Leste, the Philippines, Haiti, Myanmar, Germany, the United States, and internationally.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp557.4t

Provides various banking products and services in Indonesia and internationally.

Indocement Tunggal Prakarsa

Market Cap: Rp14.7t

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

PT. Garuda Indonesia (Persero)

Market Cap: Rp3.4t

Operates as an airline company in Indonesia and internationally.

Puradelta Lestari

Market Cap: Rp6.5t

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

Hanjaya Mandala Sampoerna

Market Cap: Rp62.2t

Engages in manufacture, distribution, and trading of cigarettes and other tobacco products in Indonesia.

Malindo Feedmill

Market Cap: Rp1.6t

Engages in the animal feed, chicken breeding and broiler farm, and food processing businesses in Indonesia.

Jayamas Medica Industri

Market Cap: Rp4.2t

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

Wismilak Inti Makmur

Market Cap: Rp1.3t

Manufactures and sells cigarettes in Indonesia and internationally.

TIMAH

Market Cap: Rp6.7t

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

Sarana Menara Nusantara

Market Cap: Rp26.3t

Owns and operates telecommunication towers for wireless operators in Indonesia.

Lippo Karawaci

Market Cap: Rp5.6t

Provides property development services in Indonesia.

PT. Mitra Adiperkasa

Market Cap: Rp20.7t

Engages in the retail trade of clothing, shoes, bags, toys, accessories, and sports equipment in Indonesia, Vietnam, the Philippines, Thailand, and internationally.

Bank Pembangunan Daerah Jawa Timur

Market Cap: Rp7.0t

Provides various banking products and services in Indonesia.

Bank Tabungan Negara (Persero)

Market Cap: Rp10.8t

Provides various banking products and services in Indonesia.

Cikarang Listrindo

Market Cap: Rp10.3t

Operates power generating facilities in Indonesia.

Astra International

Market Cap: Rp195.9t

Operates in the automotive, financial services, heavy equipment, mining, construction, energy, agri, infrastructure and logistics, information technology, and property businesses in Indonesia and internationally.

Medco Energi Internasional

Market Cap: Rp24.4t

Explores for and produces oil and gas.

Perusahaan Gas Negara

Market Cap: Rp37.3t

Engages in the transmission and distribution of natural gas in Indonesia.

Limas Indonesia Makmur

Market Cap: Rp39.4b

PT Limas Indonesia Makmur Tbk provides stock information and news, and value-added telephone services primarily in Indonesia.