Indonesian Capital Goods Potentially Undervalued Companies

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.

Ancora Indonesia Resources

Market Cap: Rp277.7b

Operates in the explosives industry in Indonesia.

Indonesia Pondasi Raya

Market Cap: Rp322.5b

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

Mark Dynamics Indonesia

Market Cap: Rp3.2t

Manufactures and sells porcelain formers.

Intraco Penta

Market Cap: Rp36.8b

Distributes heavy equipment and spare parts in Indonesia.

PThimas Flat Glass

Market Cap: Rp1.4t

Manufactures and sells flat and safety glass products in Indonesia.

Surya Pertiwi

Market Cap: Rp1.6t

Distributes bathroom and kitchen products in Indonesia.

Mitra Angkasa Sejahtera

Market Cap: Rp72.0b

Trades nuts and bolts in Indonesia.

Sunindo Pratama

Market Cap: Rp1.7t

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

Mitra Pack

Market Cap: Rp177.5b

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

PP Presisi

Market Cap: Rp546.3b

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

Djasa Ubersakti

Market Cap: Rp21.0b

Engages in the construction business in Indonesia.

Hexindo Adiperkasa

Market Cap: Rp3.4t

Engages in the trading, rental, and sale of heavy equipment and related spare parts in Indonesia.

Jaya Konstruksi Manggala Pratama

Market Cap: Rp1.1t

Engages in the construction business in Indonesia.

Kusuma Kemindo Sentosa

Market Cap: Rp37.5b

PT Kusuma Kemindo Sentosa Tbk deals in commodity and specialty chemicals, food materials, construction chemicals, and related materials in Indonesia.

Surya Semesta Internusa

Market Cap: Rp3.6t

Engages in the construction business.

Lupromax Pelumas Indonesia

Market Cap: Rp16.9b

Distributes and sells lubricating oil to the retail and automotive sectors in Indonesia.

Isra Presisi Indonesia

Market Cap: Rp40.2b

Manufactures and sells machinery and machine tools for metalworking.

Arwana Citramulia

Market Cap: Rp4.6t

Manufactures and distributes ceramic tiles in Indonesia.

Adhi Karya (Persero)

Market Cap: Rp1.8t

Engages in the construction service businesses in Indonesia.

Bangun Karya Perkasa Jaya

Market Cap: Rp96.5b

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

Lancartama Sejati

Market Cap: Rp34.8b

Provides construction services in Indonesia.

Voksel Electric

Market Cap: Rp827.0b

Manufactures and sells power, telecommunication, and fiber optic cables in Indonesia and internationally.

Total Bangun Persada

Market Cap: Rp1.9t

Provides construction services primarily in Indonesia.

Sumi Indo Kabel

Market Cap: Rp406.4b

Manufactures and sells cables and electrical equipment in Indonesia.