Indonesian Software Potentially Undervalued Companies

Mastersystem Infotama

Market Cap: Rp4.4t

Engages in the provision of information and communication technology infrastructure solutions and system integration services to enterprise banking, oil and gas, enterprise, and telecommunication markets in Indonesia.

Distribusi Voucher Nusantara

Market Cap: Rp219.8b

Provides digital products, payment solution services, and online-to-offline (O2O) platforms in Indonesia.

Data Sinergitama Jaya

Market Cap: Rp402.8b

Provides IT infrastructure and managed services in Indonesia.

Sinergi Inti Andalan Prima

Market Cap: Rp6.4t

Engages in the provision of internet services in Indonesia.