Indonesian Potentially Undervalued Companies

Indofood Sukses Makmur

Market Cap: Rp58.6t

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.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp548.1t

Provides various banking products and services in Indonesia and internationally.

Ciputra Development

Market Cap: Rp15.3t

Develops and sells real estate properties in Indonesia.

PT. Mitra Adiperkasa

Market Cap: Rp19.6t

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

Perusahaan Perkebunan London Sumatra Indonesia

Market Cap: Rp8.1t

Engages in the plantation business in Indonesia and internationally.

Triputra Agro Persada

Market Cap: Rp30.0t

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

Trimegah Bangun Persada

Market Cap: Rp73.4t

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

Medco Energi Internasional

Market Cap: Rp35.8t

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: Rp11.8t

Operates as an integrated energy company in Indonesia.

Arwana Citramulia

Market Cap: Rp3.8t

Manufactures and distributes ceramic tiles in Indonesia.

PT. Media Nusantara Citra

Market Cap: Rp3.5t

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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp343.7t

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

Semen Indonesia (Persero)

Market Cap: Rp17.9t

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

Bank BTPN Syariah

Market Cap: Rp9.3t

Provides various banking products and services in Indonesia.

Bank CIMB Niaga

Market Cap: Rp44.5t

Provides various banking products and services in Indonesia and internationally.

Central Omega Resources

Market Cap: Rp4.3t

Engages in the mineral mining business in Indonesia.

Indosat Ooredoo Hutchison

Market Cap: Rp76.1t

Provides digital telecommunication services in Indonesia.

Salim Ivomas Pratama

Market Cap: Rp8.8t

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

Astra Otoparts

Market Cap: Rp13.1t

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: Rp8.8t

Operates as an airline company in Indonesia and internationally.

Garuda Maintenance Facility Aero Asia

Market Cap: Rp2.8t

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

Wismilak Inti Makmur

Market Cap: Rp3.3t

Manufactures and sells cigarettes in Indonesia and internationally.

Malindo Feedmill

Market Cap: Rp2.0t

Engages in the production of animal feed in Indonesia.

United Tractors

Market Cap: Rp109.3t

Provides coal mining services in Indonesia.

AKR Corporindo

Market Cap: Rp25.3t

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

Cikarang Listrindo

Market Cap: Rp11.2t

Operates power generating facilities in Indonesia.

Summarecon Agung

Market Cap: Rp6.3t

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

Dharma Satya Nusantara

Market Cap: Rp16.0t

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

Sarana Menara Nusantara

Market Cap: Rp34.1t

Owns and operates telecommunication towers for wireless operators in Indonesia.

Dharma Polimetal

Market Cap: Rp4.9t

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

Adaro Andalan Indonesia

Market Cap: Rp54.9t

Engages in the coal mining activities.

Perusahaan Gas Negara

Market Cap: Rp46.8t

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

Dosni Roha Indonesia

Market Cap: Rp125.5b

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

Ateliers Mecaniques D'Indonesie

Market Cap: Rp270.0b

Designs, manufactures, and erects boilers in Indonesia, Cameroon, the Republic of Cote D'Ivoire, Papua New Guinea, Nigeria, Liberia, Malaysia, and Sao Tome and Principe.

HATTEN BALI

Market Cap: Rp558.3b

Engages in the production and sale of grape wine in Indonesia.