Indonesian Potentially Undervalued Companies

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp231.8t

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

Adaro Minerals Indonesia

Market Cap: Rp36.4t

Engages in metallurgical coal mining business in Indonesia.

Bank CIMB Niaga

Market Cap: Rp41.6t

Provides various banking products and services in Indonesia and internationally.

Indosat Ooredoo Hutchison

Market Cap: Rp47.1t

Provides digital telecommunication services in Indonesia.

Bank Negara Indonesia (Persero)

Market Cap: Rp145.3t

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

United Tractors

Market Cap: Rp82.4t

Sells and rents heavy equipment in Indonesia.

Japfa Comfeed Indonesia

Market Cap: Rp22.7t

Operates as an agri-food company in Indonesia.

Triputra Agro Persada

Market Cap: Rp16.8t

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

Perusahaan Perkebunan London Sumatra Indonesia

Market Cap: Rp7.3t

Engages in the plantation business in Indonesia and internationally.

Astra International

Market Cap: Rp188.2t

Operates in the automotive, financial services, heavy equipment, mining, construction, energy, agri, infrastructure and logistics, information technology, and property businesses in Indonesia and internationally.

Trimegah Bangun Persada

Market Cap: Rp40.4t

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

Bank BTPN Syariah

Market Cap: Rp6.9t

Provides various banking products and services in Indonesia.

Indofood Sukses Makmur

Market Cap: Rp59.7t

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

PT. Media Nusantara Citra

Market Cap: Rp3.1t

Operates as an integrated media company in Indonesia.

Harum Energy

Market Cap: Rp9.3t

Through its subsidiaries, engages in the coal and minerals mining, and logistics and processing activities in Indonesia.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp572.5t

Provides various banking products and services in Indonesia and internationally.

Salim Ivomas Pratama

Market Cap: Rp5.8t

Operates as an integrated producer of edible oils and fats in Indonesia, China, Singapore, Timor Leste, Nigeria, Haiti, Germany, the Philippines, Papua New Guinea, and internationally.

Hanjaya Mandala Sampoerna

Market Cap: Rp61.6t

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

Indocement Tunggal Prakarsa

Market Cap: Rp16.1t

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

Puradelta Lestari

Market Cap: Rp6.4t

Engages in the development, management, operation, lease, and sale of residential, commercial, industrial real estate properties in Indonesia.

PT. Garuda Indonesia (Persero)

Market Cap: Rp3.2t

Operates as an airline company in Indonesia and internationally.

TIMAH

Market Cap: Rp6.6t

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

Jayamas Medica Industri

Market Cap: Rp4.2t

Manufactures and sells medical devices in Indonesia, the United States of America, and South America.

Aneka Tambang

Market Cap: Rp38.4t

Operates as a diversified mining and metals company in Indonesia and internationally.

Malindo Feedmill

Market Cap: Rp1.7t

Engages in the animal feed, chicken breeding and broiler farm, and food processing businesses in Indonesia.

Wismilak Inti Makmur

Market Cap: Rp1.2t

Manufactures and sells cigarettes in Indonesia and internationally.

Cikarang Listrindo

Market Cap: Rp10.3t

Operates power generating facilities in Indonesia.

PT. Mitra Adiperkasa

Market Cap: Rp21.6t

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

Lippo Karawaci

Market Cap: Rp5.2t

Provides property development services in Indonesia.

Midi Utama Indonesia

Market Cap: Rp9.6t

Engages in the retail of consumer products in Indonesia.

Bank Tabungan Negara (Persero)

Market Cap: Rp11.5t

Provides various banking products and services in Indonesia.

Summarecon Agung

Market Cap: Rp6.3t

Engages in the construction and development of real estate properties in Indonesia.

Sarana Menara Nusantara

Market Cap: Rp25.3t

Owns and operates telecommunication towers for wireless operators in Indonesia.

Bank Pembangunan Daerah Jawa Timur

Market Cap: Rp7.1t

Provides various banking products and services in Indonesia.

Perusahaan Gas Negara

Market Cap: Rp36.4t

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

Medco Energi Internasional

Market Cap: Rp24.6t

Explores for and produces oil and gas.