Indonesian Potentially Undervalued Companies

Indofood Sukses Makmur

Market Cap: Rp58.8t

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

Blue Bird

Market Cap: Rp4.3t

Provides taxi transportation services in Indonesia.

Adaro Andalan Indonesia

Market Cap: Rp57.8t

Engages in the coal mining activities.

PT. Mitra Adiperkasa

Market Cap: Rp20.1t

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

Medco Energi Internasional

Market Cap: Rp36.5t

Explores for and produces oil and gas in Indonesia, Asia, Africa, the Middle East, the United States of America, and Europe.

Triputra Agro Persada

Market Cap: Rp30.3t

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

Perusahaan Perkebunan London Sumatra Indonesia

Market Cap: Rp8.1t

Engages in the plantation business in Indonesia and internationally.

Semen Indonesia (Persero)

Market Cap: Rp17.6t

Manufactures, packs, and distributes cement in Indonesia and internationally.

Bank BTPN Syariah

Market Cap: Rp9.3t

Provides various banking products and services in Indonesia.

PT. Media Nusantara Citra

Market Cap: Rp3.6t

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

PT. Indika Energy

Market Cap: Rp18.7t

Operates as an integrated energy company in Indonesia.

Arwana Citramulia

Market Cap: Rp3.8t

Manufactures and distributes ceramic tiles in Indonesia.

Salim Ivomas Pratama

Market Cap: Rp9.1t

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

Central Omega Resources

Market Cap: Rp5.0t

Engages in the mineral mining business in Indonesia.

Indosat Ooredoo Hutchison

Market Cap: Rp71.9t

Provides digital telecommunication services in Indonesia.

Garuda Maintenance Facility Aero Asia

Market Cap: Rp2.7t

Provides various aircraft maintenance, repair, and overhaul (MRO) services for aircraft, engines, and components in Indonesia and internationally.

Astra Otoparts

Market Cap: Rp12.7t

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

PT. Garuda Indonesia (Persero)

Market Cap: Rp8.2t

Operates as an airline company in Indonesia and internationally.

Wismilak Inti Makmur

Market Cap: Rp3.7t

Manufactures and sells cigarettes in Indonesia and internationally.

United Tractors

Market Cap: Rp98.8t

Provides coal mining services in Indonesia.

Cikarang Listrindo

Market Cap: Rp11.3t

Operates power generating facilities in Indonesia.

Sarana Menara Nusantara

Market Cap: Rp33.5t

Owns and operates telecommunication towers for wireless operators in Indonesia.

Dharma Polimetal

Market Cap: Rp5.0t

Through its subsidiaries, manufactures and sells automotive components for motorcycles and cars in Indonesia.

Summarecon Agung

Market Cap: Rp6.5t

PT Summarecon Agung Tbk constructs and develops real estate properties in Indonesia.

Dharma Satya Nusantara

Market Cap: Rp16.2t

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

Perusahaan Gas Negara

Market Cap: Rp50.7t

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

Trimegah Bangun Persada

Market Cap: Rp92.3t

PT Trimegah Bangun Persada TBK engages in the nickel ore mining and processing in Indonesia and distributes the products to China, Switzerland, Hong Kong, Sweden, and Singapore.

Dosni Roha Indonesia

Market Cap: Rp125.5b

Through its subsidiaries, engages in trading, export-import, logistic, and information technology (IT) businesses in Indonesia.

AirAsia Indonesia

Market Cap: Rp1.1t

Provides scheduled commercial air transport services in Indonesia.

Industri Jamu dan Farmasi Sido Muncul

Market Cap: Rp15.9t

Provides herbal medicines, cosmetics, and foods and beverage products in Indonesia.

Citra Tubindo

Market Cap: Rp5.6t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Perma Plasindo

Market Cap: Rp300.3b

Through its subsidiaries, manufactures, imports, distributes, and export trades office equipment in Indonesia.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp356.6t

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

Bank CIMB Niaga

Market Cap: Rp46.8t

Provides various banking products and services in Indonesia and internationally.

Radiant Utama Interinsco

Market Cap: Rp221.8b

Provides technical support services primarily in Indonesia.

Elnusa

Market Cap: Rp3.9t

Provides oil and gas services in Indonesia.