Indonesian Materials Potentially Undervalued Companies

Trimegah Bangun Persada

Market Cap: Rp59.8t

PT Trimegah Bangun Persada TBK engages in the nickel ore mining and processing business in China, Switzerland, Sweden, and Indonesia.

Semen Indonesia (Persero)

Market Cap: Rp17.6t

Manufactures, packs, and distributes cement in Indonesia and internationally.

Central Omega Resources

Market Cap: Rp4.0t

Engages in the mineral mining business in Indonesia.

Archi Indonesia

Market Cap: Rp28.4t

Through its subsidiaries, engages in the mining, trading, and processing of gold properties in Indonesia.

Alamtri Minerals Indonesia

Market Cap: Rp54.0t

Engages in metallurgical coal mining business 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.

Merdeka Copper Gold

Market Cap: Rp56.2t

Engages in the mining activities in Indonesia.

Merdeka Battery Materials

Market Cap: Rp59.4t

Engages in the mining and processing of nickel, cobalt, and other mineral deposits in Indonesia.

Saraswanti Anugerah Makmur

Market Cap: Rp3.3t

Engages in the production and distribution of non-subsidized NPK Fertilizers in Indonesia.

OBM Drilchem

Market Cap: Rp219.2b

Operates as a manufacturer and provider of specialty drilling fluid additives to the drilling industry in Indonesia and internationally.

Indo Acidatama

Market Cap: Rp385.3b

Operates as an agro-chemical company in Indonesia.

Indah Kiat Pulp & Paper

Market Cap: Rp41.7t

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

Indonesia Fibreboard Industry

Market Cap: Rp2.1t

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

Indocement Tunggal Prakarsa

Market Cap: Rp22.2t

Manufactures and sells cement and ready-mix concrete products in Indonesia and internationally.

Lotte Chemical Titan

Market Cap: Rp4.3t

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

Megalestari Epack Sentosaraya

Market Cap: Rp89.2b

Engages in plastic packaging business in Indonesia.

TIMAH

Market Cap: Rp22.3t

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

Aneka Tambang

Market Cap: Rp70.4t

Operates as a diversified metals and mining company in Indonesia.

Indal Aluminium Industry

Market Cap: Rp98.8b

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

Emdeki Utama

Market Cap: Rp498.4b

Produces and sells calcium carbide in Indonesia.

Unggul Indah Cahaya

Market Cap: Rp3.4t

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

PT. Polychem Indonesia

Market Cap: Rp630.0b

Engages in the chemical and polyester businesses in Indonesia, Asia, and Europe.

Intanwijaya Internasional

Market Cap: Rp133.9b

Produces and sells formaldehyde and formaldehyde derivative products in Indonesia.

Lionmesh Prima

Market Cap: Rp24.6b

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

Panca Budi Idaman

Market Cap: Rp3.7t

Engages in the manufacture and distribution of plastic packaging items.

Steel Pipe Industry of Indonesia

Market Cap: Rp3.1t

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

Wijaya Cahaya Timber

Market Cap: Rp286.6b

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

Vale Indonesia

Market Cap: Rp40.7t

Engages in the mining and processing of nickel in Indonesia.

Suparma

Market Cap: Rp1.1t

Manufactures and sells paper and related paper products in Indonesia.

Yanaprima Hastapersada

Market Cap: Rp301.9b

Manufactures and sells polypropylene (PP) polymer laminated woven bags in Indonesia, rest of Asia, and South America.

Hillcon

Market Cap: Rp2.3t

Provides mining and civil construction services in Indonesia.

PAM Mineral

Market Cap: Rp11.5t

Together with its subsidiary, PT Indrabakti Mustika, engages in mining and quarrying of mineral properties in Indonesia.

J Resources Asia Pasifik

Market Cap: Rp13.9t

Engages in the gold mining business in Indonesia.

Saranacentral Bajatama

Market Cap: Rp313.2b

Engages in manufacturing and trading of steel products in Indonesia.

Merdeka Gold Resources

Market Cap: Rp54.1t

Operates as a holding company that focuses on gold mining and its associated minerals, processing, and other related business activities.