Indonesian Materials Potentially Undervalued Companies

Semen Indonesia (Persero)

Market Cap: Rp17.8t

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

Hillcon

Market Cap: Rp309.6b

Provides mining and civil construction services in Indonesia.

Central Omega Resources

Market Cap: Rp4.0t

Engages in the mineral mining business in Indonesia.

Indocement Tunggal Prakarsa

Market Cap: Rp18.4t

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

Aneka Tambang

Market Cap: Rp96.6t

Operates as a diversified metals and mining company in Indonesia.

Trimegah Bangun Persada

Market Cap: Rp85.3t

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.

Avia Avian

Market Cap: Rp24.7t

Manufactures and distributes paints and building materials in Indonesia.

Alamtri Minerals Indonesia

Market Cap: Rp80.1t

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.

OBM Drilchem

Market Cap: Rp203.1b

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

Saraswanti Anugerah Makmur

Market Cap: Rp3.3t

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

Merdeka Copper Gold

Market Cap: Rp85.5t

Engages in the mining activities in Indonesia.

Indo Acidatama

Market Cap: Rp337.1b

Operates as an agro-chemical company in Indonesia.

Lotte Chemical Titan

Market Cap: Rp2.3t

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

Indal Aluminium Industry

Market Cap: Rp122.3b

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

TIMAH

Market Cap: Rp28.6t

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

PT. Polychem Indonesia

Market Cap: Rp793.4b

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

Unggul Indah Cahaya

Market Cap: Rp3.7t

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

Saranacentral Bajatama

Market Cap: Rp268.2b

Engages in manufacturing and trading of steel products in Indonesia.

Intanwijaya Internasional

Market Cap: Rp142.2b

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.

Wijaya Cahaya Timber

Market Cap: Rp253.2b

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

Steel Pipe Industry of Indonesia

Market Cap: Rp3.5t

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

Suparma

Market Cap: Rp869.3b

Manufactures and sells paper and related paper products in Indonesia.

Vale Indonesia

Market Cap: Rp66.7t

Engages in the mining and processing of nickel in Indonesia.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp29.7t

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

Pelangi Indah Canindo

Market Cap: Rp78.4b

Manufactures and sells metal containers in Indonesia.

Merdeka Battery Materials

Market Cap: Rp81.5t

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

J Resources Asia Pasifik

Market Cap: Rp13.4t

Engages in the gold mining business in Indonesia.

Indonesia Fibreboard Industry

Market Cap: Rp2.3t

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

PAM Mineral

Market Cap: Rp10.1t

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

Megalestari Epack Sentosaraya

Market Cap: Rp138.7b

Engages in packaging manufacturing business in Indonesia.

Indah Kiat Pulp & Paper

Market Cap: Rp53.1t

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.

ESSA Industries Indonesia

Market Cap: Rp12.7t

Operates an ammonia plant in Indonesia.

Amman Mineral Internasional

Market Cap: Rp421.8t

Operates as a copper and gold producer in Indonesia.

Archi Indonesia

Market Cap: Rp43.1t

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