Indonesian Materials Potentially Undervalued Companies

Adaro Minerals Indonesia

Market Cap: Rp42.1t

Engages in metallurgical coal mining business in Indonesia.

Trimegah Bangun Persada

Market Cap: Rp44.2t

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

Central Omega Resources

Market Cap: Rp2.2t

Engages in the mineral mining business in Indonesia.

Indocement Tunggal Prakarsa

Market Cap: Rp18.8t

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

Suparma

Market Cap: Rp857.9b

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.

OBM Drilchem

Market Cap: Rp162.8b

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

Merdeka Copper Gold

Market Cap: Rp49.3t

Engages in the mining business in Indonesia.

Saraswanti Anugerah Makmur

Market Cap: Rp3.5t

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

Indah Kiat Pulp & Paper

Market Cap: Rp35.2t

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.

Duta Pertiwi Nusantara

Market Cap: Rp86.1b

Engages in the glue, chemical goods, and mining businesses in Indonesia.

TIMAH

Market Cap: Rp8.8t

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

Emdeki Utama

Market Cap: Rp414.9b

Produces and sells calcium carbide in Indonesia.

Surya Biru Murni Acetylene

Market Cap: Rp110.7b

Produces chemical industrial gases in Indonesia.

Unggul Indah Cahaya

Market Cap: Rp3.7t

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

Intanwijaya Internasional

Market Cap: Rp129.8b

Produces and sells formaldehyde and formaldehyde derivative products in Indonesia.

PT. Polychem Indonesia

Market Cap: Rp462.8b

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

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: Rp2.1t

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

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: Rp14.9t

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

Panca Budi Idaman

Market Cap: Rp4.3t

Engages in the manufacture and distribution of plastic packaging items.

Colorpak Indonesia

Market Cap: Rp390.6b

Together with its subsidiary, manufactures and markets printing inks, coatings, and adhesives in Indonesia.

ESSA Industries Indonesia

Market Cap: Rp10.2t

Operates an ammonia plant in Indonesia.