Indonesian Potentially Undervalued Companies

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp307.1t

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

Indofood Sukses Makmur

Market Cap: Rp53.1t

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

Blue Bird

Market Cap: Rp4.2t

Provides taxi transportation services in Indonesia.

Indosat Ooredoo Hutchison

Market Cap: Rp64.5t

Provides digital telecommunication services in Indonesia.

Astra Otoparts

Market Cap: Rp12.5t

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.

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.

PT. Mitra Adiperkasa

Market Cap: Rp18.7t

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

Midi Utama Indonesia

Market Cap: Rp8.8t

Engages in the retail trading in Indonesia.

Dharma Satya Nusantara

Market Cap: Rp14.6t

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

Perusahaan Perkebunan London Sumatra Indonesia

Market Cap: Rp9.0t

Engages in the plantation business in Indonesia and internationally.

Medco Energi Internasional

Market Cap: Rp41.7t

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

PT. Indika Energy

Market Cap: Rp19.2t

Operates as an integrated energy company in Indonesia.

PT. Media Nusantara Citra

Market Cap: Rp2.8t

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

Avia Avian

Market Cap: Rp24.1t

Manufactures and distributes paints and building materials in Indonesia.

Bank BTPN Syariah

Market Cap: Rp8.1t

Provides various banking products and services in Indonesia.

Bank Mandiri (Persero)

Market Cap: Rp449.5t

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

Bank CIMB Niaga

Market Cap: Rp43.6t

Provides various banking products and services in Indonesia and internationally.

Central Omega Resources

Market Cap: Rp4.0t

Engages in the mineral mining business in Indonesia.

Salim Ivomas Pratama

Market Cap: Rp9.2t

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

Hillcon

Market Cap: Rp294.8b

Provides mining and civil construction services in Indonesia.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp537.6t

Provides various banking products and services in Indonesia and internationally.

Merdeka Copper Gold

Market Cap: Rp81.3t

Engages in the mining activities in Indonesia.

Tunas Baru Lampung

Market Cap: Rp3.8t

Produces and sells vegetable cooking oils in Indonesia.

Map Aktif Adiperkasa

Market Cap: Rp16.7t

Operates as a sporting goods retailer in Indonesia.

Indocement Tunggal Prakarsa

Market Cap: Rp18.4t

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

PT. Garuda Indonesia (Persero)

Market Cap: Rp6.5t

Operates as an airline company in Indonesia and internationally.

Aneka Tambang

Market Cap: Rp91.8t

Operates as a diversified metals and mining company in Indonesia.

Japfa Comfeed Indonesia

Market Cap: Rp25.2t

Operates as an agri-food company in Indonesia and internationally.

TIMAH

Market Cap: Rp25.5t

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

Wismilak Inti Makmur

Market Cap: Rp4.2t

Manufactures and sells cigarettes in Indonesia and internationally.

United Tractors

Market Cap: Rp105.7t

Provides coal mining services in Indonesia.

Malindo Feedmill

Market Cap: Rp1.9t

Engages in the production of animal feed in Indonesia.

Ciputra Development

Market Cap: Rp12.6t

Develops and sells real estate properties in Indonesia.

Adaro Andalan Indonesia

Market Cap: Rp81.4t

Engages in the coal mining activities.

Dharma Polimetal

Market Cap: Rp4.4t

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

Cikarang Listrindo

Market Cap: Rp11.4t

Engages in the generation, transmission, and distribution of electricity in Indonesia.