Indonesian Potentially Undervalued Companies

Hexindo Adiperkasa

Market Cap: Rp3.5t

Engages in the trading, rental, and sale of heavy equipment and related spare parts in Indonesia.

Kusuma Kemindo Sentosa

Market Cap: Rp36.0b

PT Kusuma Kemindo Sentosa Tbk deals in commodity and specialty chemicals, food materials, construction chemicals, and related materials in Indonesia.

Jaya Konstruksi Manggala Pratama

Market Cap: Rp1.1t

Engages in the construction business in Indonesia.

Wulandari Bangun Laksana

Market Cap: Rp1.3t

Engages in the real estate business in Indonesia.

Wijaya Cahaya Timber

Market Cap: Rp341.3b

Manufactures and sells plywood and veneer wood products for industrial and residential needs in Indonesia.

Bukitm

Market Cap: Rp28.2t

Engages in the coal mining activities in Indonesia.

Pelayaran Nasional Bina Buana Raya

Market Cap: Rp644.4b

A shipping company, provides marine transportation services in Indonesia.

Multi Bintang Indonesia

Market Cap: Rp12.5t

Engages in produces and markets alcoholic and non-alcoholic products in Indonesia and internationally.

Enseval Putera Megatrading

Market Cap: Rp5.7t

Engages in the distribution and supply of pharmaceutical products, consumer products, medical equipment, cosmetics, and other products in Indonesia.

Panca Budi Idaman

Market Cap: Rp3.7t

Engages in the manufacture and distribution of plastic packaging items.

Golden Energy Mines

Market Cap: Rp44.4t

Through its subsidiaries, engages in coal mining business in Indonesia.

Pelayaran Nelly Dwi Putri

Market Cap: Rp860.1b

Provides shipping services in Indonesia.

Multi Indocitra

Market Cap: Rp296.0b

Produces and distributes baby and health care products, and cosmetics in Indonesia.

Lion Metal Works

Market Cap: Rp191.4b

Manufactures and sells office equipment in Indonesia.

DFI Retail Nusantara

Market Cap: Rp2.0t

Engages in the retail business primarily in Indonesia.

XL Axiata

Market Cap: Rp29.2t

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

Steel Pipe Industry of Indonesia

Market Cap: Rp1.9t

Engages in the manufacture and sale of steel pipes and other related products primarily in Indonesia.

Jakarta International Hotels & Development

Market Cap: Rp1.4t

Engages in the hotel and property businesses in Indonesia.

Asuransi Ramayana

Market Cap: Rp372.4b

Operates as a general insurance company in Indonesia.

Matahari Department Store

Market Cap: Rp4.3t

Engages in the retail business in Indonesia.

Megapolitan Developments

Market Cap: Rp351.8b

Operates as a property development company in Indonesia.

Martina Berto

Market Cap: Rp88.8b

Manufactures, markets, sells, and trades cosmetics and traditional medicines in Indonesia and internationally.

Palma Serasih

Market Cap: Rp3.1t

Through its subsidiaries, engages in the palm oil plantation and processing business in Indonesia.

Djasa Ubersakti

Market Cap: Rp21.0b

Engages in the construction business in Indonesia.

Arwana Citramulia

Market Cap: Rp4.5t

Manufactures and distributes ceramic tiles in Indonesia.

Tigaraksa Satria

Market Cap: Rp5.4t

Engages in the sale and distribution of various consumer products in Indonesia.

Cardig Aero Services

Market Cap: Rp3.9t

Provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

Surya Semesta Internusa

Market Cap: Rp3.9t

Engages in the construction business.

Indonesia Pondasi Raya

Market Cap: Rp346.5b

Engages in piling, retaining wall, and ground improvement business in Indonesia.

Semen Indonesia (Persero)

Market Cap: Rp16.9t

Manufactures, packs, and distributes cement in Indonesia and internationally.

Mulia Industrindo

Market Cap: Rp1.9t

Manufactures and sells glass in Indonesia, Asia, Australia, Europe, Africa, and the America.

Samcro Hyosung Adilestari

Market Cap: Rp176.9b

Manufactures and sells hook and loop fastener tapes in Indonesia and internationally.

PT. Andira Agro

Market Cap: Rp93.5b

Engages in owning, operating, and managing crude palm oil mills and oil plantations in Indonesia.

Wintermar Offshore Marine

Market Cap: Rp1.5t

Provides supporting services for the offshore transportation for the oil and gas industry in Indonesia, Malaysia, Brunei, Myanmar, Thailand, India, Vietnam, the Philippines, the Middle East, and Taiwan.

Megapower Makmur

Market Cap: Rp74.3b

Operates as an independent power producing company in Indonesia.

PP (Persero)

Market Cap: Rp1.4t

Operates as a construction and investment company in Indonesia.