Indonesian Strong Balance Sheet Stocks

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.

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.

Kedoya Adyaraya

Market Cap: Rp911.1b

Owns and operates hospitals in Indonesia.

Fimperkasa Utama

Market Cap: Rp42.8b

Engages in the construction service business in Indonesia.

Bank CIMB Niaga

Market Cap: Rp44.9t

Provides various banking products and services in Indonesia and internationally.

Surya Semesta Internusa

Market Cap: Rp3.7t

Engages in the construction business.

Suparma

Market Cap: Rp832.7b

Manufactures and sells paper and related paper products in Indonesia.

Indo Straits

Market Cap: Rp155.1b

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

Vale Indonesia

Market Cap: Rp24.0t

Engages in the mining and processing of nickel in Indonesia.

Dian Swastatika Sentosa

Market Cap: Rp267.4t

Engages in the coal mining and trading; multimedia; forestry; infrastructure; power and steam generation; technology; and fertilizer and chemical trading businesses in Indonesia, China, India, Japan, Korea, the Netherlands, Europe, rest of Southeast Asia, and internationally.

Kalbe Farma

Market Cap: Rp57.0t

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

Betonjaya Manunggal

Market Cap: Rp285.1b

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

Surya Citra Media

Market Cap: Rp12.0t

Provides multimedia services in Indonesia.

Adaro Minerals Indonesia

Market Cap: Rp36.0t

Engages in metallurgical coal mining business in Indonesia.

Citra Tubindo

Market Cap: Rp2.1t

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

Formosa Ingredient Factory

Market Cap: Rp184.9b

Produces and sells tapioca pearl, syrup, sauces, powder, and jellies in Indonesia and internationally.

Dwi Guna Laksana

Market Cap: Rp1.8t

Engages in the coal mining and trading activities in Indonesia.

Surya Toto Indonesia

Market Cap: Rp2.2t

Engages in the manufacture and sale of sanitary, fittings, kitchen systems, and other related products in Indonesia and internationally.

Panca Global Kapital

Market Cap: Rp283.3b

Engages in the brokerage and underwriting services in Indonesia.

Bank Danamon Indonesia

Market Cap: Rp22.8t

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

Bank Jago

Market Cap: Rp21.0t

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

Cita Mineral Investindo

Market Cap: Rp12.6t

Engages in bauxite mining activities in Indonesia.

Yulie Sekuritas Indonesia

Market Cap: Rp4.4t

Operates as a securities company in Indonesia.

Prima Andalan Mandiri

Market Cap: Rp17.6t

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

PT. Media Nusantara Citra

Market Cap: Rp3.4t

Operates as an integrated media company in Indonesia.

Mark Dynamics Indonesia

Market Cap: Rp3.3t

Manufactures and sells porcelain formers.

Alakasa Industrindo

Market Cap: Rp145.2b

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

Industri Jamu dan Farmasi Sido Muncul

Market Cap: Rp17.1t

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

Elnusa

Market Cap: Rp3.1t

Provides oil and gas services in Indonesia.

Bank Mandiri (Persero)

Market Cap: Rp443.3t

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

Multi Prima Sejahtera

Market Cap: Rp161.5b

Produces, distributes, and sells spark plugs and motor vehicle accessory spare parts in Indonesia and internationally.

Buana Artha Anugerah

Market Cap: Rp86.4b

Provides asset management services in Indonesia.

Mulia Industrindo

Market Cap: Rp1.9t

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

Bank Ganesha

Market Cap: Rp1.9t

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

Darya-Varia Laboratoria

Market Cap: Rp1.6t

Engages in the manufacture and trading of pharmaceutical products and cosmetics in Indonesia.

Cardig Aero Services

Market Cap: Rp4.0t

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