Indonesian Utilities Potentially Undervalued Companies

Cikarang Listrindo

Market Cap: Rp11.1t

Engages in the generation, transmission, and distribution of electricity in Indonesia.

Perusahaan Gas Negara (Persero)

Market Cap: Rp44.1t

Engages in the transmission and distribution of natural gas in Indonesia.

Megapower Makmur

Market Cap: Rp93.1b

Operates as an independent power producer company in Indonesia.

Pertamina Geothermal Energy

Market Cap: Rp38.7t

Engages in the development of the geothermal sector from the upstream and/or downstream sides in Indonesia.