Indonesian Strong Balance Sheet Stocks

Solusi Bangun Indonesia

Market Cap: Rp7.0t

Engages in the production and distribution of cement, ready-mixed concrete, and aggregates in Indonesia and internationally.

Fimperkasa Utama

Market Cap: Rp27.6b

Engages in the construction service business in Indonesia.

Bank CIMB Niaga

Market Cap: Rp40.0t

Provides various banking products and services in Indonesia and internationally.

Betonjaya Manunggal

Market Cap: Rp259.2b

Manufactures round bar in Indonesia.

Elnusa

Market Cap: Rp4.3t

Provides oil and gas services in Indonesia.

Ateliers Mecaniques D'Indonesie

Market Cap: Rp298.1b

Engages in the design, manufacture, and erection of boilers in Indonesia, Cameroon, Nigeria, Congo, the Republic of Cote d'Ivoire, Papua New Guinea, Malaysia, Liberia, and Sao Tome and Principe.

Bank Danamon Indonesia

Market Cap: Rp44.0t

Provides banking services for retail, small and medium enterprises (SMEs), and corporate customers in Indonesia.

Multi Hanna Kreasindo

Market Cap: Rp420.0b

Engages in the industrial waste treatment business in Indonesia.

PINAGO UTAMA

Market Cap: Rp2.7t

PT PINAGO UTAMA Tbk is involved in the oil palm and rubber plantation business in Indonesia.

HATTEN BALI

Market Cap: Rp382.1b

Produces and sells wine in Indonesia.

Bank Mandiri (Persero)

Market Cap: Rp377.6t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

PT. Media Nusantara Citra

Market Cap: Rp2.7t

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

Mayora Indah

Market Cap: Rp38.7t

Engages in the manufacture and sale of food and beverage products in Indonesia, the rest of Asia, and internationally.

Segar Kumala Indonesia

Market Cap: Rp1.1t

Engages in the trading of fruits and frozen chicken in Indonesia.

Pool Advista Finance

Market Cap: Rp187.7b

Operates as a financing company in Indonesia.

Cita Mineral Investindo

Market Cap: Rp11.7t

Engages in bauxite mining activities in Indonesia.

Formosa Ingredient Factory

Market Cap: Rp330.5b

Produces and sells beverage ingredients in Indonesia and internationally.

Multi Prima Sejahtera

Market Cap: Rp167.5b

Manufactures and markets spark plugs and auto parts under the Champion brand in Indonesia and internationally.

Benteng Api Technic

Market Cap: Rp247.0b

Engages in manufacturing, trading, engineering, and construction business in Indonesia.

Merry Riana Edukasi

Market Cap: Rp117.0b

Operates educational institution and self-development centre for Kids and Teens in Indonesia.

Indofood Sukses Makmur

Market Cap: Rp54.9t

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

Surya Citra Media

Market Cap: Rp13.7t

Provides multimedia services in Indonesia.

Danasupra Erapacific

Market Cap: Rp74.4b

Through its subsidiaries, engages in the film production and postproduction, and advertising activities in Indonesia.

Industri Jamu dan Farmasi Sido Muncul

Market Cap: Rp11.1t

Provides herbal medicines, cosmetics, and foods and beverage products in Indonesia.

Darya-Varia Laboratoria

Market Cap: Rp1.8t

Manufactures and trades pharmaceutical products and cosmetics in Indonesia.

Alakasa Industrindo

Market Cap: Rp309.7b

Through its subsidiaries, offers aluminium and metal fabrication products for automotive, train, energy, plantation, green house structure, furniture, and other projects in Indonesia.

Kalbe Farma

Market Cap: Rp33.0t

Engages in the development, manufacture, and trading of pharmaceutical products in Indonesia.

Citra Tubindo

Market Cap: Rp4.7t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Indonesian Tobacco

Market Cap: Rp199.4b

Manufactures and sells cigarettes and tobacco products in Indonesia.

Cahaya Aero Services

Market Cap: Rp3.6t

Provides cargo and ground handling services in Indonesia.

Bank Ganesha

Market Cap: Rp2.6t

Provides various general banking products and services for individuals and businesses in Indonesia.

Vale Indonesia

Market Cap: Rp45.5t

Engages in the mining and processing of nickel in Indonesia.

Klinko Karya Imaji

Market Cap: Rp156.9b

Produces and sells cleaning products containing recycled textile waste materials in Indonesia and internationally.

Avia Avian

Market Cap: Rp19.2t

Manufactures and distributes paints and building materials in Indonesia.

Yulie Sekuritas Indonesia

Market Cap: Rp5.2t

Operates as a securities company in Indonesia.

Surya Toto Indonesia

Market Cap: Rp2.5t

Manufactures and sells sanitary, fittings, kitchen systems, and other related products in Indonesia and internationally.