Indonesian Materials Potentially Undervalued Companies

Semen Indonesia (Persero)

Market Cap: Rp20.3t

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

Hillcon

Market Cap: Rp1.2t

Provides mining and civil construction services in Indonesia.

Merdeka Copper Gold

Market Cap: Rp78.6t

Engages in the mining activities in Indonesia.

Central Omega Resources

Market Cap: Rp4.7t

Engages in the mineral mining business in Indonesia.

Trimegah Bangun Persada

Market Cap: Rp91.3t

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.

Alamtri Minerals Indonesia

Market Cap: Rp76.2t

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 Battery Materials

Market Cap: Rp78.3t

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

OBM Drilchem

Market Cap: Rp225.7b

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

Indo Acidatama

Market Cap: Rp361.2b

Operates as an agro-chemical company in Indonesia.

Saraswanti Anugerah Makmur

Market Cap: Rp3.3t

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

Indonesia Fibreboard Industry

Market Cap: Rp2.3t

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

Lotte Chemical Titan

Market Cap: Rp3.7t

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

PAM Mineral

Market Cap: Rp12.1t

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

Indocement Tunggal Prakarsa

Market Cap: Rp22.2t

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

Indal Aluminium Industry

Market Cap: Rp136.9b

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

Aneka Tambang

Market Cap: Rp97.3t

Operates as a diversified metals and mining company in Indonesia.

Saranacentral Bajatama

Market Cap: Rp264.6b

Engages in manufacturing and trading of steel products in Indonesia.

PT. Polychem Indonesia

Market Cap: Rp863.4b

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

Intanwijaya Internasional

Market Cap: Rp157.8b

Produces and sells formaldehyde and formaldehyde derivative products in Indonesia.

Unggul Indah Cahaya

Market Cap: Rp4.9t

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

Lionmesh Prima

Market Cap: Rp24.6b

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

Steel Pipe Industry of Indonesia

Market Cap: Rp3.3t

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

Panca Budi Idaman

Market Cap: Rp3.6t

Engages in the manufacture and distribution of plastic packaging items.

Wijaya Cahaya Timber

Market Cap: Rp272.9b

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

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp22.6t

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

Suparma

Market Cap: Rp951.3b

Manufactures and sells paper and related paper products in Indonesia.

Vale Indonesia

Market Cap: Rp73.5t

Engages in the mining and processing of nickel in Indonesia.

Yanaprima Hastapersada

Market Cap: Rp407.5b

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

Pelangi Indah Canindo

Market Cap: Rp93.2b

Manufactures and sells metal containers in Indonesia.

Indah Kiat Pulp & Paper

Market Cap: Rp53.9t

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.

Megalestari Epack Sentosaraya

Market Cap: Rp152.0b

Engages in packaging manufacturing business in Indonesia.

TIMAH

Market Cap: Rp30.2t

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