Indonesian Potentially Undervalued Companies

Bank CIMB Niaga

Market Cap: Rp43.7t

Provides various banking products and services in Indonesia and internationally.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp230.8t

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

Adaro Minerals Indonesia

Market Cap: Rp33.7t

Engages in metallurgical coal mining business in Indonesia.

Indosat Ooredoo Hutchison

Market Cap: Rp46.3t

Provides digital telecommunication services in Indonesia.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp546.9t

Provides various banking products and services in Indonesia and internationally.

Japfa Comfeed Indonesia

Market Cap: Rp22.6t

Operates as an agri-food company in Indonesia.

United Tractors

Market Cap: Rp79.4t

Provides coal mining services in Indonesia.

Perusahaan Perkebunan London Sumatra Indonesia

Market Cap: Rp7.3t

Engages in the plantation business in Indonesia and internationally.

Astra International

Market Cap: Rp190.7t

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: Rp17.2t

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

Bank BTPN Syariah

Market Cap: Rp7.0t

Provides various banking products and services in Indonesia.

Bank Mandiri (Persero)

Market Cap: Rp476.0t

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

Indofood Sukses Makmur

Market Cap: Rp60.6t

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

PT. Media Nusantara Citra

Market Cap: Rp3.2t

Operates as an integrated media company in Indonesia.

Tunas Baru Lampung

Market Cap: Rp3.4t

Primarily manufactures and sells vegetable cooking oils in Indonesia.

Hanjaya Mandala Sampoerna

Market Cap: Rp64.6t

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

PT. Garuda Indonesia (Persero)

Market Cap: Rp3.8t

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.

Indocement Tunggal Prakarsa

Market Cap: Rp16.2t

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

Bank Negara Indonesia (Persero)

Market Cap: Rp163.6t

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

Wismilak Inti Makmur

Market Cap: Rp1.4t

Manufactures and sells cigarettes in Indonesia and internationally.

Jayamas Medica Industri

Market Cap: Rp4.1t

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

TIMAH

Market Cap: Rp7.1t

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

Malindo Feedmill

Market Cap: Rp1.6t

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

PT. Mitra Adiperkasa

Market Cap: Rp21.6t

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

Summarecon Agung

Market Cap: Rp6.1t

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

Lippo Karawaci

Market Cap: Rp5.6t

Provides property development services in Indonesia.

Cikarang Listrindo

Market Cap: Rp10.6t

Operates power generating facilities in Indonesia.

Sarana Menara Nusantara

Market Cap: Rp25.5t

Owns and operates telecommunication towers for wireless operators in Indonesia.

Bank Tabungan Negara (Persero)

Market Cap: Rp12.4t

Provides various banking products and services in Indonesia.

Medco Energi Internasional

Market Cap: Rp25.4t

Explores for and produces oil and gas.

Trimegah Bangun Persada

Market Cap: Rp37.9t

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

Perusahaan Gas Negara

Market Cap: Rp38.3t

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.

Suparma

Market Cap: Rp839.0b

Manufactures and sells paper and related paper products in Indonesia.

Surya Toto Indonesia

Market Cap: Rp2.2t

Engages in the manufacture and sale of sanitary, fittings, kitchen systems, and other related products in Indonesia and internationally.