Indonesian Materials Undervalued over 20% based on DCF

Amman Mineral Internasional

Market Cap: Rp324.4t

Operates as a copper and gold producer in Indonesia.

Bumi Resources Minerals

Market Cap: Rp98.5t

Through its subsidiaries, engages in the exploration and development of mineral properties in Asia.

Indocement Tunggal Prakarsa

Market Cap: Rp18.2t

Manufactures and sells cement products in Indonesia and internationally.

J Resources Asia Pasifik

Market Cap: Rp16.9t

Engages in the gold mining business in Indonesia.

Samator Indo Gas

Market Cap: Rp8.8t

Produces, markets, and distributes industrial gases in Indonesia.

Ifishdeco

Market Cap: Rp2.1t

Engages in the mining exploration, development, production, transportation, trading, and sales of nickel ores in Indonesia and internationally.

Lautan Luas

Market Cap: Rp1.2t

Manufactures and distributes basic and specialty chemicals in Indonesia and internationally.

PT. Polychem Indonesia

Market Cap: Rp1.0t

Produces and sells various chemical products and artificial resin in Indonesia, Asia, and Europe.

Tunas Alfin

Market Cap: Rp994.8b

Engages in the manufacturing and selling of packaging products in Indonesia.

Colorpak Indonesia

Market Cap: Rp489.7b

Together with its subsidiary, PT Colorpak Flexible Indonesia, operates in the ink, and paint and printing ink industries in Indonesia.

Champion Pacific Indonesia

Market Cap: Rp436.1b

Manufactures and sells flexible packaging products in Indonesia and internationally.