Indonesian Food, Beverage & Tobacco Potentially Undervalued Companies

Indofood Sukses Makmur

Market Cap: Rp62.8t

Operates as a food solutions company in Indonesia, the Middle East, Africa, the rest of Asia, and internationally.

Triputra Agro Persada

Market Cap: Rp32.6t

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

Salim Ivomas Pratama

Market Cap: Rp10.0t

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

Wismilak Inti Makmur

Market Cap: Rp3.0t

Manufactures and sells cigarettes in Indonesia and internationally.

Japfa Comfeed Indonesia

Market Cap: Rp28.4t

Operates as an agri-food company in Indonesia.

Dharma Satya Nusantara

Market Cap: Rp17.3t

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

Perusahaan Perkebunan London Sumatra Indonesia

Market Cap: Rp9.5t

Engages in the plantation business in Indonesia and internationally.

Formosa Ingredient Factory

Market Cap: Rp221.9b

Produces and sells tapioca pearl, syrup, sauces, powder, and jellies in Indonesia and internationally.

HATTEN BALI

Market Cap: Rp552.8b

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

PINAGO UTAMA

Market Cap: Rp2.4t

Engages in the oil palm and rubber plantation business in Indonesia.

Teladan Prima Agro

Market Cap: Rp9.3t

Engages in managing palm oil plantations, mills, and renewable energy businesses in Indonesia.

Tunas Baru Lampung

Market Cap: Rp4.4t

Produces and sells vegetable cooking oils in Indonesia.

Dua Putra Utama Makmur

Market Cap: Rp283.2b

Engages in the fisheries and trading businesses in Indonesia and internationally.

Widodo Makmur Perkasa

Market Cap: Rp353.0b

An investment holding company, operates in the consumer goods and agricultural commodities sector in Indonesia.

Sinar Mas Agro Resources and Technology

Market Cap: Rp14.7t

A seed-to-shelf agribusiness company, produces and sells palm-based products in Indonesia.

Hanjaya Mandala Sampoerna

Market Cap: Rp97.1t

Engages in manufacture, distribution, and trading of cigarettes and other tobacco products in Indonesia and Internationally.

Bakrie Sumatera Plantations

Market Cap: Rp487.5b

Engages in the plantation, processing, and trading of agricultural and industrial products in Indonesia.

Malindo Feedmill

Market Cap: Rp1.8t

Engages in the production of animal feed in Indonesia.

Cerestar Indonesia

Market Cap: Rp1.5t

PT Cerestar Indonesia Tbk production of processed wheat flour products in Indonesia.

Indofood CBP Sukses Makmur

Market Cap: Rp98.8t

Produces and sells consumers products in Indonesia, Rest of Asia, the Middle East, Africa, and internationally.

FKS Food Sejahtera

Market Cap: Rp1.3t

Through its subsidiaries, engages in the manufacture and retail trade of food products in Indonesia.

Multi Bintang Indonesia

Market Cap: Rp12.2t

Operates as a beverage company in Indonesia and internationally.

Delta Djakarta

Market Cap: Rp1.7t

Engages in the beverage business in Indonesia.

Central Proteina Prima

Market Cap: Rp3.8t

Operates as an integrated aquaculture shrimp and food producer company in Indonesia, India, Vietnam, China, Japan, the United States, Canada, the United Kingdom, Belgium, France, the Netherlands, Germany, and New Zealand.

Nippon Indosari Corpindo

Market Cap: Rp4.5t

Engages in the bakery and cakes business in Indonesia.

Sawit Sumbermas Sarana

Market Cap: Rp14.5t

Produces and sells crude palm oil, its derivatives, fresh fruit bunches, palm kernel oil, and palm kernel in Indonesia and internationally.

Eagle High Plantations

Market Cap: Rp4.5t

Engages in the oil palm industry and plantations in Indonesia.

Gozco Plantations

Market Cap: Rp1.7t

Processes, produces, and distributes crude palm oil/vegetable oil and palm kernel in Indonesia.

Pulau Subur

Market Cap: Rp446.5b

Provides palm oil development services in Indonesia.

Ultrajaya Milk Industry & Trading

Market Cap: Rp14.6t

Operates in the food and beverage industry in Indonesia.

Astra Agro Lestari

Market Cap: Rp15.0t

Engages in the crude palm oil and related derivatives business in Indonesia.

Diamond Food Indonesia

Market Cap: Rp5.9t

Manufactures and distributes food and beverage products in Indonesia and internationally.

Sampoerna Agro

Market Cap: Rp10.8t

Operates palm oil and rubber plantations, and palm oil mills in Indonesia and internationally.

Palma Serasih

Market Cap: Rp4.1t

Through its subsidiaries, engages in the palm oil plantation and processing business in Indonesia.