Indonesian Materials Potentially Undervalued Companies

Avia Avian

Market Cap: Rp19.9t

Manufactures and distributes paints and building materials in Indonesia.

Indocement Tunggal Prakarsa

Market Cap: Rp15.8t

Manufactures and sells cement products in Indonesia and internationally.

TIMAH

Market Cap: Rp23.3t

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

Alamtri Minerals Indonesia

Market Cap: Rp55.4t

Engages in metallurgical coal mining business in Indonesia.

Merdeka Copper Gold

Market Cap: Rp53.2t

Engages in the mining activities in Indonesia.

Antam (Persero)

Market Cap: Rp71.4t

Operates as a diversified metals and mining company in Indonesia.

Archi Indonesia

Market Cap: Rp27.8t

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

Trimegah Bangun Persada

Market Cap: Rp51.3t

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.

Suparma

Market Cap: Rp844.7b

Manufactures and sells paper and related paper products in Indonesia.

Vale Indonesia

Market Cap: Rp49.2t

Engages in the mining and processing of nickel 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: Rp161.2b

Engages in processing and trading and export of special drilling chemical in Indonesia and internationally.

Indo Acidatama

Market Cap: Rp385.3b

Operates as an agro-chemical company in Indonesia.

Indah Kiat Pulp & Paper

Market Cap: Rp43.4t

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

Argha Karya Prima Industry

Market Cap: Rp327.6b

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

Semen Baturaja (Persero)

Market Cap: Rp1.6t

Produces and distributes cement in Indonesia.

Indal Aluminium Industry

Market Cap: Rp103.9b

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

Intanwijaya Internasional

Market Cap: Rp146.4b

Manufactures formalin and formalin derivative products in Indonesia.

Champion Pacific Indonesia

Market Cap: Rp410.1b

Manufactures and sells flexible packaging products in Indonesia and internationally.

Lionmesh Prima

Market Cap: Rp24.6b

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

Darma Henwa

Market Cap: Rp13.6t

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

Panca Budi Idaman

Market Cap: Rp3.6t

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

Amman Mineral Internasional

Market Cap: Rp220.1t

Operates as a copper and gold producer in Indonesia.

Wijaya Cahaya Timber

Market Cap: Rp164.9b

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

Steel Pipe Industry of Indonesia

Market Cap: Rp2.8t

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

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp20.4t

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: Rp3.7t

Engages in the mineral mining business in Indonesia.

Lotte Chemical Titan

Market Cap: Rp1.8t

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

Madusari Murni Indah

Market Cap: Rp604.7b

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: Rp845.9b

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

Indonesia Fibreboard Industry

Market Cap: Rp2.2t

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

Emdeki Utama

Market Cap: Rp468.1b

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

Bumi Resources Minerals

Market Cap: Rp80.1t

Through its subsidiaries, engages in the exploration and development of mineral properties in Asia.

Unggul Indah Cahaya

Market Cap: Rp5.4t

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

ESSA Industries Indonesia

Market Cap: Rp11.7t

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