Indonesian Potentially Undervalued Companies

Indofood Sukses Makmur

Market Cap: Rp63.7t

Operates as a food solutions company in Indonesia, the Middle East, Africa, the rest of Asia, and internationally.

Indosat Ooredoo Hutchison

Market Cap: Rp58.7t

Provides digital telecommunication services in Indonesia.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp560.2t

Provides various banking products and services in Indonesia and internationally.

Indofood CBP Sukses Makmur

Market Cap: Rp107.3t

Produces and sells consumers products in Indonesia, Rest of Asia, the Middle East, Africa, and internationally.

Perusahaan Perkebunan London Sumatra Indonesia

Market Cap: Rp8.5t

Engages in the plantation business in Indonesia and internationally.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp296.2t

Provides information and communications technology, and telecommunications network services worldwide.

Bank CIMB Niaga

Market Cap: Rp42.9t

Provides various banking products and services in Indonesia and internationally.

Bank BTPN Syariah

Market Cap: Rp10.6t

Provides various banking products and services in Indonesia.

PT. Indika Energy

Market Cap: Rp12.7t

Operates as an integrated energy company in Indonesia.

Mark Dynamics Indonesia

Market Cap: Rp2.3t

Manufactures and sells hand former products in Indonesia and internationally.

PT. Media Nusantara Citra

Market Cap: Rp3.5t

Operates as an integrated media company that produces and distributes various content on television and other platforms in Indonesia.

Central Omega Resources

Market Cap: Rp4.2t

Engages in the mineral mining business in Indonesia.

Blue Bird

Market Cap: Rp4.4t

Provides taxi transportation services in Indonesia.

Salim Ivomas Pratama

Market Cap: Rp9.0t

Produces and sells edible oils and fats in Indonesia, China, Singapore, Timor Leste, Nigeria, Haiti, Germany, the Philippines, Papua New Guinea, and internationally.

Merdeka Copper Gold

Market Cap: Rp55.7t

Engages in the mining business in Indonesia.

Bank Negara Indonesia (Persero)

Market Cap: Rp146.8t

Provides various banking products and services in Indonesia, rest of Asia, New York, and Europe.

PT. Garuda Indonesia (Persero)

Market Cap: Rp8.8t

Operates as an airline company in Indonesia and internationally.

Erajaya Swasembada

Market Cap: Rp6.7t

Engages in the distribution and retail of mobile telecommunication devices in Indonesia, Singapore, and Malaysia.

Sinar Eka Selaras

Market Cap: Rp1.6t

Engages in the trading and retail of electronic equipment and clothing of various brands in Indonesia.

Astra Otoparts

Market Cap: Rp11.6t

Manufactures, sells, distributes, and exports spare parts for two-wheelers and four-wheelers in Indonesia, rest of Asia, the Middle East, the United States, Europe, and Africa.

Hanjaya Mandala Sampoerna

Market Cap: Rp81.4t

Engages in manufacture, distribution, and trading of cigarettes and other tobacco products in Indonesia.

AKR Corporindo

Market Cap: Rp22.2t

A logistics and supply chain company, engages in distribution and trading of petroleum and basic chemical products in Indonesia.

United Tractors

Market Cap: Rp91.4t

Provides coal mining services in Indonesia.

TIMAH

Market Cap: Rp19.5t

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

Japfa Comfeed Indonesia

Market Cap: Rp24.8t

Operates as an agri-food company in Indonesia.

Malindo Feedmill

Market Cap: Rp1.6t

Engages in the production of animal feed in Indonesia.

Ciputra Development

Market Cap: Rp16.9t

Develops and sells real estate properties in Indonesia.

PT. Mitra Adiperkasa

Market Cap: Rp19.3t

Engages in the retail trade of clothing, accessories, bags, and sports equipment in Indonesia, Vietnam, the Philippines, Thailand, and internationally.

Indo Tambangraya Megah

Market Cap: Rp25.0t

Engages in coal mining activities in East, South, and Central Kalimantan.

Summarecon Agung

Market Cap: Rp6.7t

PT Summarecon Agung Tbk constructs and develops real estate properties in Indonesia.

Lippo Karawaci

Market Cap: Rp6.7t

Provides property development services in Indonesia.

Adaro Andalan Indonesia

Market Cap: Rp64.8t

Engages in the thermal coal mining and trading activities.

Sarana Menara Nusantara

Market Cap: Rp25.5t

Owns and operates telecommunication towers for wireless operators in Indonesia.

Cikarang Listrindo

Market Cap: Rp11.0t

Operates power generating facilities in Indonesia.

Triputra Agro Persada

Market Cap: Rp37.0t

Engages in the oil palm plantations and palm oil processing businesses in Indonesia.

XLSMART Telecom Sejahtera

Market Cap: Rp45.3t

Provides telecommunication, telecommunications network, and multimedia services for consumers and businesses in Indonesia.