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.

Solusi Bangun Indonesia

Market Cap: Rp7.0t

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

Kedoya Adyaraya

Market Cap: Rp911.1b

Owns and operates hospitals in Indonesia.

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Danasupra Erapacific

Market Cap: Rp983.6b

Engages in leasing, factoring, and consumer financing activities in Indonesia.

Suparma

Market Cap: Rp807.4b

Manufactures and sells paper and related paper products in Indonesia.

Adaro Minerals Indonesia

Market Cap: Rp36.8t

Engages in metallurgical coal mining business in Indonesia.

Surya Semesta Internusa

Market Cap: Rp3.8t

Engages in the construction business.

Vale Indonesia

Market Cap: Rp30.1t

Engages in the mining and processing of nickel in Indonesia.

PT. Media Nusantara Citra

Market Cap: Rp3.5t

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

Buana Artha Anugerah

Market Cap: Rp158.4b

Provides asset management services in Indonesia.

Betonjaya Manunggal

Market Cap: Rp309.6b

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

Industri Jamu dan Farmasi Sido Muncul

Market Cap: Rp15.9t

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

Mark Dynamics Indonesia

Market Cap: Rp3.0t

Manufactures and sells hand former products in Indonesia and internationally.

Nippon Indosari Corpindo

Market Cap: Rp4.9t

Engages in the bakery and cakes business in Indonesia.

Surya Citra Media

Market Cap: Rp11.6t

Provides multimedia services in Indonesia.

Kalbe Farma

Market Cap: Rp66.2t

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

Dwi Guna Laksana

Market Cap: Rp2.3t

Engages in the coal mining and trading activities in Indonesia.

Darya-Varia Laboratoria

Market Cap: Rp1.8t

Manufactures and trades pharmaceutical products and cosmetics in Indonesia.

Bank Mandiri (Persero)

Market Cap: Rp445.2t

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

Dian Swastatika Sentosa

Market Cap: Rp305.3t

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.

Cita Mineral Investindo

Market Cap: Rp16.2t

Engages in bauxite mining activities in Indonesia.

Formosa Ingredient Factory

Market Cap: Rp181.5b

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

Bank Danamon Indonesia

Market Cap: Rp23.5t

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

Citra Tubindo

Market Cap: Rp4.2t

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

Bakrie & Brothers

Market Cap: Rp5.5t

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

Panca Global Kapital

Market Cap: Rp325.8b

Engages in the brokerage and underwriting services in Indonesia.

Avia Avian

Market Cap: Rp27.6t

Manufactures and distributes paints and building materials in Indonesia.

Indo Straits

Market Cap: Rp171.7b

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

Alakasa Industrindo

Market Cap: Rp158.4b

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

Bank Jago

Market Cap: Rp26.4t

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

Resource Alam Indonesia

Market Cap: Rp1.9t

Engages in the coal mining business in Indonesia.

Elnusa

Market Cap: Rp3.4t

Provides oil and gas services in Indonesia.

Mulia Industrindo

Market Cap: Rp1.9t

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

Arwana Citramulia

Market Cap: Rp4.4t

Manufactures and distributes ceramic tiles in Indonesia.