Indonesian Potentially Undervalued Companies

PP (Persero)

Market Cap: Rp1.4t

Operates as a construction and investment company 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.

Merdeka Copper Gold

Market Cap: Rp33.0t

Engages in the mining business in Indonesia.

Tunas Baru Lampung

Market Cap: Rp3.3t

Primarily manufactures and sells vegetable cooking oils in Indonesia.

Adira Dinamika Multi Finance

Market Cap: Rp9.0t

Provides consumer financing, murabahah financing, and finance leasing services in Indonesia.

Samindo Resources

Market Cap: Rp4.4t

Through its subsidiaries, operates as an integrated coal mining services company in Indonesia.

Exploitasi Energi Indonesia

Market Cap: Rp304.5b

Operates as an integrated coal-based energy company in Indonesia.

Ekadharma International

Market Cap: Rp656.8b

Manufactures, sells, and markets self adhesive tapes and related materials in Indonesia and Malaysia.

Siantar Top

Market Cap: Rp14.4t

Manufactures and sells snacks in Indonesia.

Adhi Karya (Persero)

Market Cap: Rp1.4t

Engages in the construction service businesses in Indonesia.

PAM Mineral

Market Cap: Rp3.0t

Together with its subsidiary, PT Indrabakti Mustika, engages in mining and quarrying of mineral properties in Indonesia.

SINAR TERANG MANDIRI

Market Cap: Rp1.9t

PT SINAR TERANG MANDIRI Tbk engaged in mining services, with capabilities that include mining planning, mining infrastructure construction, mining operations, mining production transportation.

Indonesia Fibreboard Industry

Market Cap: Rp2.1t

Engages in the wood processing industry in Indonesia, Japan, the Middle East, and internationally.

Gudang Garam

Market Cap: Rp19.0t

Engages in the manufacture and sale of cigarettes in Indonesia and internationally.

Map Aktif Adiperkasa

Market Cap: Rp19.1t

Operates as a sporting goods retailer in Indonesia.

Bakrie Sumatera Plantations

Market Cap: Rp235.0b

Engages in the plantation, processing, and trading of agricultural and industrial products in Indonesia.

RMK Energy

Market Cap: Rp2.3t

Provides coal logistic services in Indonesia.

Pertamina Geothermal Energy

Market Cap: Rp31.8t

Engages in the development of geothermal energy in the upstream and downstream sectors in Indonesia and internationally.

BFI Finance Indonesia

Market Cap: Rp11.7t

Provides investment, working capital, multipurpose, sharia, and other financing services primarily in Indonesia.

Sumber Alfaria Trijaya

Market Cap: Rp77.7t

Engages in the retail distribution of consumer products in Indonesia.

Ciputra Development

Market Cap: Rp13.8t

Develops and sells real estate properties in Indonesia.

Semen Baturaja (Persero)

Market Cap: Rp1.6t

Produces and distributes cement in Indonesia.

AKR Corporindo

Market Cap: Rp22.4t

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

Ashmore Asset Management Indonesia

Market Cap: Rp1.1t

PT Ashmore Asset Management Indonesia Tbk s an investment management company.

Ancara Logistics Indonesia

Market Cap: Rp6.0t

Engages in the sea transportation, transshipment, and intermediate stockpile services in Indonesia.

Indofood CBP Sukses Makmur

Market Cap: Rp121.0t

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

Lancartama Sejati

Market Cap: Rp33.6b

Provides construction services in Indonesia.

First Media

Market Cap: Rp156.8b

Engages in technology, media, and telecommunication businesses in Indonesia.

Ultrajaya Milk Industry & Trading

Market Cap: Rp14.6t

Operates in the food and beverage industry in Indonesia.

Alamtri Resources Indonesia

Market Cap: Rp52.9t

Engages in the coal and mining business in Indonesia.

Nusa Konstruksi Enjiniring

Market Cap: Rp334.2b

Operates as a construction and engineering company in Indonesia.

Wijaya Karya Beton

Market Cap: Rp522.9b

Together with its subsidiaries provides pre-stressed concrete (PC) products in Indonesia and internationally.

Ginting Jaya Energi

Market Cap: Rp118.8b

Engages in oil and gas support services in Indonesia.

Toba Surimi Industries

Market Cap: Rp518.7b

Engages in the seafood processing business in Indonesia.

FKS Multi Agro

Market Cap: Rp5.0t

Supplies food and feed ingredients in Indonesia.