Indonesian Energy Potentially Undervalued Companies

United Tractors

Market Cap: Rp80.4t

Provides coal mining services in Indonesia.

Adaro Andalan Indonesia

Market Cap: Rp62.1t

Engages in the coal mining activities.

Medco Energi Internasional

Market Cap: Rp27.5t

Explores for and produces oil and gas in Indonesia, Asia, Africa, the Middle East, and the United Kingdom.

Elnusa

Market Cap: Rp4.2t

Provides oil and gas services in Indonesia.

AKR Corporindo

Market Cap: Rp25.2t

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

Indo Tambangraya Megah

Market Cap: Rp24.9t

Engages in coal mining and energy activities.

Alamtri Resources Indonesia

Market Cap: Rp66.0t

Engages in the coal and mining business in Indonesia.

Bukitm (Persero)

Market Cap: Rp28.6t

Engages in coal mining activities in Indonesia.

Prima Andalan Mandiri

Market Cap: Rp13.6t

Through its subsidiaries, operates as a coal mining company in Indonesia.

Dwi Guna Laksana

Market Cap: Rp2.2t

Engages in the coal mining and trading business in Indonesia.

Mandiri Herindo Adiperkasa

Market Cap: Rp2.2t

Provides coal transportation services in Indonesia.

Exploitasi Energi Indonesia

Market Cap: Rp331.4b

Operates as an integrated coal-based energy company in Indonesia.

Samindo Resources

Market Cap: Rp2.3t

Through its subsidiaries, operates as an integrated coal mining services company in Indonesia.

Wintermar Offshore Marine

Market Cap: Rp2.3t

Provides supporting services for the offshore transportation for the oil and gas industry in Indonesia, Malaysia, Brunei, Myanmar, Thailand, India, Vietnam, the Philippines, the Middle East, and Taiwan.

Apexindo Pratama Duta

Market Cap: Rp453.9b

Operates as a drilling contractor in Indonesia and internationally.

Ginting Jaya Energi

Market Cap: Rp136.2b

A contracting company, engages in oil and gas services in Indonesia.

Logindo Samudramakmur

Market Cap: Rp690.2b

Provides offshore marine support services for the upstream oil and gas industry in Indonesia.

Baramulti Suksessarana

Market Cap: Rp11.9t

Operates as a coal mining and trading company in Indonesia.

Newport Marine Services

Market Cap: Rp399.2b

Provides chartering vessels for offshore services in Indonesia and internationally.

Alfa Energi Investama

Market Cap: Rp157.9b

Through its subsidiaries, engages in the mining, trading, and transportation of coal in Indonesia.

MNC Energy Investments

Market Cap: Rp2.2t

An investment and holding company, engages in the trading and investment in the energy sector.

Buma Internasional Grup

Market Cap: Rp1.5t

Provides coal mining services in Indonesia, Australia, and the United States.

Soechi Lines

Market Cap: Rp2.4t

Provides shipping and shipyard services in Indonesia.

Harum Energy

Market Cap: Rp10.8t

Through its subsidiaries, engages in the coal and nickel mining, logistics, and nickel processing and refining activities in Indonesia.

Royaltama Mulia Kontraktorindo

Market Cap: Rp380.0b

Provides coal mining, heavy equipment rental, and construction services in Indonesia.

Energi Mega Persada

Market Cap: Rp35.6t

Through its subsidiaries, operates as an upstream oil and natural gas company in Indonesia, Mozambique, and Japan.