Indonesian Capital Goods Potentially Undervalued Companies

Arwana Citramulia

Market Cap: Rp4.3t

Manufactures and distributes ceramic tiles in Indonesia.

Astra International

Market Cap: Rp190.3t

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

Mulia Industrindo

Market Cap: Rp1.9t

Manufactures and sells glass in Indonesia, Asia, Australia, Europe, Africa, and the America.

Ancora Indonesia Resources

Market Cap: Rp287.2b

Operates in the explosives industry in Indonesia.

Ateliers Mecaniques D'Indonesie

Market Cap: Rp181.4b

Designs, manufactures, and erects boilers in Indonesia, Cameroon, the Republic of Cote D'Ivoire, Congo, Nigeria, Liberia, Malaysia, Belgium Sao Tome and Principe, and the Philippines.

Mark Dynamics Indonesia

Market Cap: Rp2.8t

Manufactures and sells hand former products in Indonesia and internationally.

Indonesia Pondasi Raya

Market Cap: Rp392.6b

Engages in piling, retaining wall, and ground improvement business in Indonesia.

Surya Pertiwi

Market Cap: Rp1.9t

Distributes bathroom and kitchen products in Indonesia.

PThimas Flat Glass

Market Cap: Rp1.8t

Manufactures and sells flat and safety glass products in Indonesia.

Sunindo Pratama

Market Cap: Rp1.9t

Engages in distributing products and providing services with focus in oil and gas industries in Indonesia and internationally.

Keramika Indonesia Assosiasi

Market Cap: Rp313.5b

Engages in production and sale of various ceramic products in Indonesia, Asia, Europe, Africa, and the United States.

Bangun Karya Perkasa Jaya

Market Cap: Rp237.9b

A construction company, engages in the steel fabrication and general contracting business in Indonesia.

Mitra Pack

Market Cap: Rp196.5b

Offers coding, marking, labeling, product inspection system, and food packaging solutions in Indonesia.

PP Presisi

Market Cap: Rp596.9b

Operates as an integrated heavy equipment-based construction company in Indonesia.

Djasa Ubersakti

Market Cap: Rp33.0b

Engages in the construction of residential buildings in Indonesia.

Lancartama Sejati

Market Cap: Rp30.0b

Provides construction services in Indonesia.

Sumi Indo Kabel

Market Cap: Rp462.7b

Manufactures and sells cables and electrical equipment in Indonesia.

Total Bangun Persada

Market Cap: Rp2.3t

Provides construction services primarily in Indonesia.