Indonesian Capital Goods Undervalued over 20% based on DCF

Astra International

Market Cap: Rp204.3t

Operates in the automotive, financial services, heavy equipment, mining, construction, energy, agri, infrastructure and logistics, information technology, and property businesses in Indonesia and internationally.

Total Bangun Persada

Market Cap: Rp3.6t

Provides construction services primarily in Indonesia.

Surya Toto Indonesia

Market Cap: Rp2.5t

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

Adhi Karya (Persero)

Market Cap: Rp1.4t

Engages in the construction service businesses in Indonesia.

KMI Wire and Cable

Market Cap: Rp1.3t

Manufactures and sells various power cables in Indonesia.

Asri Karya Lestari

Market Cap: Rp1.2t

Provides construction services in Indonesia.

Sinergi Multi Lestarindo

Market Cap: Rp335.3b

Engages in the trading of specialty chemicals for food and beverage, personal care raw materials, and industrial chemical raw materials in Indonesia.

MPX Logistics International

Market Cap: Rp290.0b

Engages in the trading and transportation businesses in Indonesia.

Meta Epsi

Market Cap: Rp168.9b

Provides engineering, procurement, and construction services in Indonesia.

Ace Oldfields

Market Cap: Rp121.5b

Manufactures and sells painting equipment and supplies in Indonesia and internationally.