Indonesian Strong Balance Sheet Stocks

Kedoya Adyaraya

Market Cap: Rp911.1b

Owns and operates hospitals in Indonesia.

Indosterling Technomedia

Market Cap: Rp62.8b

PT Indosterling Technomedia TBK engages in information technology (IT) and digital sectors that serves business-to-business markets in Indonesia.

Solusi Bangun Indonesia

Market Cap: Rp7.0t

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

Multistrada Arah Sarana

Market Cap: Rp56.9t

Manufactures, distributes, and markets two and four wheeler tires for motor vehicles in Indonesia, the Middle East, Europe, Australia, Africa, Asia, and the United States.

Vale Indonesia

Market Cap: Rp46.3t

Engages in the mining and processing of nickel in Indonesia.

Bakrie & Brothers

Market Cap: Rp8.8t

Through its subsidiaries, engages in the trading, construction, agriculture, coal mining, oil and gas, and telecommunication businesses in Indonesia and internationally.

Mulia Industrindo

Market Cap: Rp2.3t

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

Bank Jago

Market Cap: Rp30.2t

Provides banking products and services for small and medium enterprises in Indonesia.

Indo Straits

Market Cap: Rp224.5b

Together with its subsidiary, provides integrated marine engineering and logistics support services primarily in Indonesia.

Betonjaya Manunggal

Market Cap: Rp276.5b

Engages in the manufacturing and sale of round bars in Indonesia.

Cita Mineral Investindo

Market Cap: Rp16.2t

Engages in bauxite mining activities in Indonesia.

Multi Prima Sejahtera

Market Cap: Rp201.5b

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

Alamtri Minerals Indonesia

Market Cap: Rp44.4t

Engages in metallurgical coal mining business in Indonesia.

Bank Danamon Indonesia

Market Cap: Rp23.2t

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

Kalbe Farma

Market Cap: Rp49.0t

Develops, manufactures, and trades in pharmaceutical products in Indonesia.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Darya-Varia Laboratoria

Market Cap: Rp1.8t

Manufactures and trades pharmaceutical products and cosmetics in Indonesia.

Bank CIMB Niaga

Market Cap: Rp42.7t

Provides various banking products and services in Indonesia and internationally.

Prima Andalan Mandiri

Market Cap: Rp13.2t

Through its subsidiaries, operates as a coal mining company in Indonesia.

Fortune Mate Indonesia

Market Cap: Rp2.4t

Provides real estate development and construction services in Indonesia.

Resource Alam Indonesia

Market Cap: Rp1.6t

Engages in the coal mining business in Indonesia.

Alakasa Industrindo

Market Cap: Rp171.6b

Through its subsidiaries, operates in the aluminum industry in Indonesia.

Panca Global Kapital

Market Cap: Rp331.5b

Engages in the brokerage and underwriting services in Indonesia.

Surya Toto Indonesia

Market Cap: Rp2.9t

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

Bank Mandiri (Persero)

Market Cap: Rp402.3t

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

Abadi Nusantara Hijau Investama

Market Cap: Rp3.1t

Provides flexible packaging products for digital printing industry in Indonesia.

PT. Media Nusantara Citra

Market Cap: Rp3.6t

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

Industri Jamu dan Farmasi Sido Muncul

Market Cap: Rp15.6t

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

Mark Dynamics Indonesia

Market Cap: Rp2.4t

Manufactures and sells hand former products in Indonesia and internationally.

Cahaya Aero Services

Market Cap: Rp5.2t

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

Citra Tubindo

Market Cap: Rp4.1t

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

Merry Riana Edukasi

Market Cap: Rp238.1b

Operates self development learning center.

Segar Kumala Indonesia

Market Cap: Rp1.4t

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

Perma Plasindo

Market Cap: Rp284.4b

Through its subsidiaries, manufactures, imports, distributes, and export trades office equipment in Indonesia.

PINAGO UTAMA

Market Cap: Rp2.4t

Engages in the oil palm and rubber plantation business in Indonesia.

Tembaga Mulia Semanan

Market Cap: Rp911.0b

Manufactures, sells, and exports copper and aluminum rods and wires in Indonesia and internationally.