Indonesian Materials Potentially Undervalued Companies

Merdeka Copper Gold

Market Cap: Rp72.0t

Engages in the mining activities in Indonesia.

Trimegah Bangun Persada

Market Cap: Rp60.2t

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.

Vale Indonesia

Market Cap: Rp54.8t

Engages in the mining and processing of nickel in Indonesia.

Indocement Tunggal Prakarsa

Market Cap: Rp18.2t

Manufactures and sells cement products in Indonesia and internationally.

TIMAH

Market Cap: Rp30.0t

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

Antam (Persero)

Market Cap: Rp76.2t

Operates as a diversified metals and mining company in Indonesia.

Avia Avian

Market Cap: Rp20.7t

Manufactures and distributes paints and building materials in Indonesia.

Suparma

Market Cap: Rp884.8b

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.

Indo Acidatama

Market Cap: Rp433.4b

Operates as an agro-chemical company in Indonesia.

Trias Sentosa

Market Cap: Rp1.3t

Manufactures and trades in polypropylene and polyester films in Indonesia, Japan, rest of Asia, the United States, Australia, Europe, and Africa.

Indah Kiat Pulp & Paper

Market Cap: Rp47.9t

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

Lotte Chemical Titan

Market Cap: Rp3.0t

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

Lautan Luas

Market Cap: Rp1.2t

Manufactures and distributes basic and specialty chemicals in Indonesia and internationally.

SINAR TERANG MANDIRI

Market Cap: Rp980.3b

Engages in the mining activities in Indonesia.

J Resources Asia Pasifik

Market Cap: Rp16.9t

Engages in the gold mining business in Indonesia.

Semen Baturaja (Persero)

Market Cap: Rp1.7t

Produces and distributes cement in Indonesia.

Champion Pacific Indonesia

Market Cap: Rp436.1b

Manufactures and sells flexible packaging products in Indonesia and internationally.

Unggul Indah Cahaya

Market Cap: Rp5.8t

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

Intanwijaya Internasional

Market Cap: Rp139.1b

Manufactures formalin and formalin 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: Rp4.1t

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

Archi Indonesia

Market Cap: Rp35.2t

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

Darma Henwa

Market Cap: Rp17.9t

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

Central Omega Resources

Market Cap: Rp3.7t

Engages in the mineral mining business in Indonesia.

Tunas Alfin

Market Cap: Rp994.8b

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

Madusari Murni Indah

Market Cap: Rp773.6b

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.

Indonesia Fibreboard Industry

Market Cap: Rp2.0t

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

Gunawan Dianjaya Steel

Market Cap: Rp1.1t

Manufactures and sells hot rolled steel plates in Indonesia.

Colorpak Indonesia

Market Cap: Rp489.7b

Together with its subsidiary, PT Colorpak Flexible Indonesia, operates in the ink, and paint and printing ink industries in Indonesia.

ESSA Industries Indonesia

Market Cap: Rp10.8t

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