Indonesian Materials Potentially Undervalued Companies

Indocement Tunggal Prakarsa

Market Cap: Rp13.7t

Manufactures and sells cement products in Indonesia and internationally.

Antam (Persero)

Market Cap: Rp70.4t

Operates as a diversified metals and mining company in Indonesia.

TIMAH

Market Cap: Rp25.5t

Engages in tin mining and smelting operations in Indonesia and internationally.

Alamtri Minerals Indonesia

Market Cap: Rp59.1t

Engages in metallurgical coal mining business in Indonesia.

Merdeka Copper Gold

Market Cap: Rp65.9t

Engages in the mining activities in Indonesia.

Darma Henwa

Market Cap: Rp12.8t

Engages in the mining support and other excavation activities, and metal fabrication products in Indonesia.

Trimegah Bangun Persada

Market Cap: Rp54.2t

PT Trimegah Bangun Persada TBK engages in the nickel ore mining and processing in Indonesia and distributes the products to China, Switzerland, Hong Kong, Sweden, and Singapore.

Vale Indonesia

Market Cap: Rp48.3t

Engages in the mining and processing of nickel in Indonesia.

Avia Avian

Market Cap: Rp18.9t

Manufactures and distributes paints and building materials in Indonesia.

Alumindo Light Metal Industry

Market Cap: Rp282.4b

Manufactures and sells flat rolled aluminum products in Indonesia, the United States, Asia, Europe, Australia, and the Middle East.

Indo Acidatama

Market Cap: Rp403.3b

Operates as an agro-chemical company in Indonesia.

Hillcon

Market Cap: Rp235.9b

Provides mining and civil construction services in Indonesia.

Argha Karya Prima Industry

Market Cap: Rp289.0b

Produces and distributes flexible packaging films in Indonesia, the rest of Asia, America, Europe, Africa, the Middle East, Australia, and New Zealand.

Indah Kiat Pulp & Paper

Market Cap: Rp38.7t

Manufactures and sells cultural paper, pulp, tissue, and industrial paper in Indonesia, Asia, the United States, Australia, the Middle East, Africa, and Europe.

SINAR TERANG MANDIRI

Market Cap: Rp865.9b

Engages in the mining activities in Indonesia.

J Resources Asia Pasifik

Market Cap: Rp10.8t

Engages in the gold mining business in Indonesia.

Indonesia Fibreboard Industry

Market Cap: Rp2.0t

Engages in the wood processing industry in Indonesia, Japan, the Middle East, and internationally.

Indal Aluminium Industry

Market Cap: Rp84.3b

Engages in the manufacture and distribution of aluminum products in Indonesia.

Semen Baturaja (Persero)

Market Cap: Rp1.5t

Produces and distributes cement in Indonesia.

Champion Pacific Indonesia

Market Cap: Rp382.2b

Manufactures and sells flexible packaging products in Indonesia and internationally.

Unggul Indah Cahaya

Market Cap: Rp4.9t

Engages in the manufacture and sale of alkylbenzene chemicals in Indonesia and internationally.

Intanwijaya Internasional

Market Cap: Rp133.9b

Manufactures formalin and formalin derivative products in Indonesia.

Saranacentral Bajatama

Market Cap: Rp279.0b

Engages in manufacturing and trading of steel products in Indonesia.

Lionmesh Prima

Market Cap: Rp24.6b

Engages in the manufacturing and selling welded steel wire mesh products primarily in Indonesia.

ESSA Industries Indonesia

Market Cap: Rp9.3t

Owns and operates liquefied petroleum gas (LPG) refinery in Indonesia.

Wijaya Cahaya Timber

Market Cap: Rp147.2b

Manufactures and sells plywood products for industrial and residential needs in Indonesia.

Steel Pipe Industry of Indonesia

Market Cap: Rp2.7t

Together with its subsidiary, PT Spindo Engineering Industry, manufactures and sells steel pipes/tubes and other related products in Indonesia and internationally.

Archi Indonesia

Market Cap: Rp25.4t

Through its subsidiaries, engages in gold and silver mining business in Indonesia.

Panca Budi Idaman

Market Cap: Rp3.5t

Produces and distributes plastic bag finished products in Indonesia and internationally.

Suparma

Market Cap: Rp852.9b

Manufactures and sells paper and related paper products in Indonesia.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp17.1t

Manufactures and sells writing and printing paper products in Asia, Africa, Europe, the Middle East, the United States, and internationally.

Central Omega Resources

Market Cap: Rp3.6t

Engages in the mineral mining business in Indonesia.

Madusari Murni Indah

Market Cap: Rp648.3b

Through its subsidiaries, engages in the production, distribution, trading, advisory, and brokering of various organic and non-organic chemical and non-chemical products in Indonesia.

Tunas Alfin

Market Cap: Rp805.3b

Engages in the manufacturing and selling of packaging products in Indonesia.

Lotte Chemical Titan

Market Cap: Rp1.8t

Engages in the production and distribution of polyethylene products in Indonesia.

Emdeki Utama

Market Cap: Rp447.8b

Produces and sells calcium carbide in Indonesia, Japan, India, the United States, and internationally.