Indonesian Utilities Strong Balance Sheet Stocks

Pertamina Geothermal Energy

Market Cap: Rp54.4t

Engages in the development of the geothermal sector from the upstream and/or downstream sides in Indonesia.

Cikarang Listrindo

Market Cap: Rp11.1t

Operates power generating facilities in Indonesia.

Perusahaan Gas Negara

Market Cap: Rp42.5t

Engages in the transmission and distribution of natural gas in Indonesia.

Hero Global Investment

Market Cap: Rp1.0t

An independent power producer company, provides renewable energy solutions in Indonesia.

Megapower Makmur

Market Cap: Rp94.0b

Operates as an independent power producing company in Indonesia.

Citra Nusantara Gemilang

Market Cap: Rp255.1b

An energy company, engages in the trading and distribution of natural gas in the form of compressed natural gas to the industrial, retail, and transportation sectors in Indonesia.