Indonesian Potentially Undervalued Companies

Indosat Ooredoo Hutchison

Market Cap: Rp70.3t

Provides digital telecommunication services in Indonesia.

Astra Otoparts

Market Cap: Rp10.9t

Manufactures, sells, distributes, and exports spare parts for two-wheelers and four-wheelers in Indonesia, rest of Asia, the Middle East, the United States, Europe, and Africa.

Indofood CBP Sukses Makmur

Market Cap: Rp115.5t

Produces and sells consumers products in Indonesia, Rest of Asia, the Middle East, Africa, and internationally.

Japfa Comfeed Indonesia

Market Cap: Rp18.0t

Operates as an agri-food company in Indonesia.

Trimegah Bangun Persada

Market Cap: Rp60.9t

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

Bank BTPN Syariah

Market Cap: Rp10.9t

Provides various banking products and services in Indonesia.

Mark Dynamics Indonesia

Market Cap: Rp2.5t

Manufactures and sells hand former products in Indonesia and internationally.

PT. Indika Energy

Market Cap: Rp7.0t

Operates as an integrated energy company in Indonesia.

Indofood Sukses Makmur

Market Cap: Rp70.7t

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

PT. Media Nusantara Citra

Market Cap: Rp3.3t

Operates as an integrated media company that produces and distributes various content on television and other platforms in Indonesia.

Bank CIMB Niaga

Market Cap: Rp43.1t

Provides various banking products and services in Indonesia and internationally.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp327.9t

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

Central Omega Resources

Market Cap: Rp4.3t

Engages in the mineral mining business in Indonesia.

Tunas Baru Lampung

Market Cap: Rp4.6t

Primarily manufactures and sells vegetable cooking oils in Indonesia.

Merdeka Copper Gold

Market Cap: Rp54.2t

Engages in the mining business in Indonesia.

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.

PT. Garuda Indonesia (Persero)

Market Cap: Rp6.5t

Operates as an airline company in Indonesia and internationally.

Pakuwon Jati

Market Cap: Rp18.1t

Operates as a real estate developer in Indonesia.

Sinar Eka Selaras

Market Cap: Rp1.7t

Engages in the trading and retail of electronic equipment and clothing of various brands in Indonesia.

Hanjaya Mandala Sampoerna

Market Cap: Rp62.2t

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

Erajaya Swasembada

Market Cap: Rp7.1t

Engages in the distribution and retail of mobile telecommunication devices in Indonesia, Singapore, and Malaysia.

TIMAH

Market Cap: Rp7.5t

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

AKR Corporindo

Market Cap: Rp24.9t

A logistics and supply chain company, engages in distribution and trading of petroleum and basic chemical products in Indonesia.

Wismilak Inti Makmur

Market Cap: Rp1.6t

Manufactures and sells cigarettes in Indonesia and internationally.

United Tractors

Market Cap: Rp87.2t

Provides coal mining services in Indonesia.

Malindo Feedmill

Market Cap: Rp1.4t

Engages in the production of animal feed in Indonesia.

Ciputra Development

Market Cap: Rp19.2t

Develops and sells real estate properties in Indonesia.

Sarana Menara Nusantara

Market Cap: Rp30.8t

Owns and operates telecommunication towers for wireless operators in Indonesia.

Cikarang Listrindo

Market Cap: Rp11.1t

Operates power generating facilities in Indonesia.

PT. Mitra Adiperkasa

Market Cap: Rp22.5t

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

Adaro Andalan Indonesia

Market Cap: Rp53.5t

Engages in the thermal coal mining and trading activities.

Perusahaan Perkebunan London Sumatra Indonesia

Market Cap: Rp9.2t

Engages in the plantation business in Indonesia and internationally.

Perusahaan Gas Negara

Market Cap: Rp40.1t

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

Astra International

Market Cap: Rp203.4t

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

Triputra Agro Persada

Market Cap: Rp28.8t

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

Dafam Property Indonesia

Market Cap: Rp100.7b

Engages in the property development activities in Indonesia.