Indonesian Materials Potentially Undervalued Companies

Central Omega Resources

Market Cap: Rp3.9t

Engages in the mineral mining business in Indonesia.

Merdeka Copper Gold

Market Cap: Rp60.3t

Engages in the mining business in Indonesia.

TIMAH

Market Cap: Rp7.6t

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

Trimegah Bangun Persada

Market Cap: Rp65.0t

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

Alamtri Minerals Indonesia

Market Cap: Rp41.1t

Engages in metallurgical coal mining business in Indonesia.

Suparma

Market Cap: Rp914.7b

Manufactures and sells paper and related paper products in Indonesia.

Pelat Timah Nusantara

Market Cap: Rp590.5b

Operates as a tinplate manufacturer 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.

Saraswanti Anugerah Makmur

Market Cap: Rp3.4t

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

OBM Drilchem

Market Cap: Rp257.9b

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

Indah Kiat Pulp & Paper

Market Cap: Rp41.9t

Engages in the manufacture of cultural paper, pulp, tissue, and industrial paper in Indonesia, Asia, the United States, Australia, the Middle East, Africa, and Europe.

PAM Mineral

Market Cap: Rp11.1t

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

Argha Karya Prima Industry

Market Cap: Rp345.9b

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

Megalestari Epack Sentosaraya

Market Cap: Rp112.3b

Engages in plastic packaging business in Indonesia.

Emdeki Utama

Market Cap: Rp420.0b

Produces and sells calcium carbide in Indonesia.

Surya Biru Murni Acetylene

Market Cap: Rp123.7b

Produces chemical industrial gases in Indonesia.

Saranacentral Bajatama

Market Cap: Rp221.4b

Engages in manufacturing and trading of steel products in Indonesia.

PT. Polychem Indonesia

Market Cap: Rp579.5b

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

Kedawung Setia Industrial

Market Cap: Rp771.1b

Produces and sells corrugated cardboard boxes, enamel roofing panels, and enamel-coated household appliances in Indonesia.

Unggul Indah Cahaya

Market Cap: Rp3.1t

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

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: Rp2.9t

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

Vale Indonesia

Market Cap: Rp39.4t

Engages in the mining and processing of nickel in Indonesia.

Merdeka Battery Materials

Market Cap: Rp46.0t

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

Hillcon

Market Cap: Rp3.1t

Provides mining and civil construction services in Indonesia.

Pelangi Indah Canindo

Market Cap: Rp83.6b

Manufactures and sells metal containers in Indonesia.

Indocement Tunggal Prakarsa

Market Cap: Rp23.4t

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

Aneka Tambang

Market Cap: Rp73.1t

Operates as a diversified metals and mining company in Indonesia.

ESSA Industries Indonesia

Market Cap: Rp9.7t

Operates an ammonia plant in Indonesia.