Indonesian Capital Goods Potentially Undervalued Companies

Arwana Citramulia

Market Cap: Rp3.8t

Manufactures and distributes ceramic tiles in Indonesia.

Garuda Maintenance Facility Aero Asia

Market Cap: Rp2.7t

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

Ancora Indonesia Resources

Market Cap: Rp356.0b

Operates in the explosives industry in Indonesia.

Ateliers Mecaniques D'Indonesie

Market Cap: Rp306.7b

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.

Kobexindo Tractors

Market Cap: Rp463.6b

Distributes and services heavy equipment in Indonesia.

Mark Dynamics Indonesia

Market Cap: Rp3.1t

Manufactures and sells hand former products in Indonesia and internationally.

PP Presisi

Market Cap: Rp2.0t

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

Berdikari Pondasi Perkasa

Market Cap: Rp845.8b

Engages in the construction business in Indonesia.

KMI Wire and Cable

Market Cap: Rp1.3t

Manufactures and sells various power cables in Indonesia.

Djasa Ubersakti

Market Cap: Rp162.0b

Engages in the construction of residential buildings in Indonesia.

Hexindo Adiperkasa

Market Cap: Rp3.7t

Distributes heavy equipment products and services in Indonesia.

Total Bangun Persada

Market Cap: Rp3.7t

Provides construction services primarily in Indonesia.

Bakrie & Brothers

Market Cap: Rp29.5t

Through its subsidiaries, engages in the trading, construction, agriculture, coal mining, oil and gas, and telecommunication businesses in Indonesia and internationally.

Tembaga Mulia Semanan

Market Cap: Rp1.1t

Manufactures, sells, and exports copper and aluminum rods and wires in Indonesia and internationally.

Lupromax Pelumas Indonesia

Market Cap: Rp117.0b

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

Intikeramik Alamasri Industri

Market Cap: Rp359.3b

Manufactures, distributes, and sells porcelain tiles and granites under the Essenza brand in Indonesia.

Mitra Pack

Market Cap: Rp275.7b

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

Supreme Cable Manufacturing & Commerce

Market Cap: Rp2.2t

Manufactures and sells cables, insulation, cable-related products and raw materials, and melamine products in Indonesia and internationally.

Astra International

Market Cap: Rp276.3t

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