Indonesian Materials Potentially Undervalued Companies

Adaro Minerals Indonesia

Market Cap: Rp36.0t

Engages in metallurgical coal mining business in Indonesia.

Indocement Tunggal Prakarsa

Market Cap: Rp17.1t

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

TIMAH

Market Cap: Rp7.6t

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

Trimegah Bangun Persada

Market Cap: Rp41.0t

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

Suparma

Market Cap: Rp832.7b

Manufactures and sells paper and related paper products 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.

OBM Drilchem

Market Cap: Rp132.2b

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

Saraswanti Anugerah Makmur

Market Cap: Rp3.2t

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

Central Omega Resources

Market Cap: Rp1.2t

Engages in the mineral mining business in Indonesia.

PAM Mineral

Market Cap: Rp3.5t

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

Indonesia Fibreboard Industry

Market Cap: Rp2.0t

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

Duta Pertiwi Nusantara

Market Cap: Rp68.2b

Engages in the glue, chemical goods, and mining businesses in Indonesia.

Citatah

Market Cap: Rp29.5b

Engages in mining, processing, marketing, and distribution of marble, natural stone, and other building materials products in Indonesia.

SINAR TERANG MANDIRI

Market Cap: Rp2.0t

PT SINAR TERANG MANDIRI Tbk engaged in mining services, with capabilities that include mining planning, mining infrastructure construction, mining operations, mining production transportation.

Intanwijaya Internasional

Market Cap: Rp115.2b

Manufactures and sells formaldehyde and formaldehyde derivative products in Indonesia.

Unggul Indah Cahaya

Market Cap: Rp2.7t

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

Wijaya Karya Beton

Market Cap: Rp653.7b

Together with its subsidiaries provides pre-stressed concrete (PC) products in Indonesia and internationally.

PT. Polychem Indonesia

Market Cap: Rp400.6b

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

Surya Biru Murni Acetylene

Market Cap: Rp116.2b

Produces chemical industrial gases in Indonesia.

Steel Pipe Industry of Indonesia

Market Cap: Rp1.9t

Engages in the manufacture of steel pipes/tubes and other related products in Indonesia.

Panca Budi Idaman

Market Cap: Rp3.8t

Engages in the manufacture and distribution of plastic packaging items.

Wijaya Cahaya Timber

Market Cap: Rp365.6b

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

Lionmesh Prima

Market Cap: Rp24.6b

Engages in the manufactures and sells welded steel wire mesh products primarily in Indonesia.

Semen Indonesia (Persero)

Market Cap: Rp16.6t

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

Merdeka Copper Gold

Market Cap: Rp35.2t

Engages in the mining business in Indonesia.

Singaraja Putra

Market Cap: Rp1.2t

Provides accommodation services in Indonesia and internationally.

Emdeki Utama

Market Cap: Rp379.5b

Produces and sells calcium carbide in Indonesia.

Aneka Tambang

Market Cap: Rp44.0t

Operates as a diversified mining and metals company in Indonesia.

ESSA Industries Indonesia

Market Cap: Rp10.8t

Operates an ammonia plant in Indonesia.