Indonesian Low Leverage High Rewards

Darya-Varia Laboratoria

Market Cap: Rp1.7t

Manufactures and trades pharmaceutical products and cosmetics in Indonesia.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp253.6t

Provides information and communications technology, and telecommunications network services worldwide.

Arwana Citramulia

Market Cap: Rp4.2t

Manufactures and distributes ceramic tiles in Indonesia.

Resource Alam Indonesia

Market Cap: Rp1.9t

Engages in the coal mining business in Indonesia.

Kalbe Farma

Market Cap: Rp57.9t

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

Bank Mandiri (Persero)

Market Cap: Rp456.4t

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

Ekadharma International

Market Cap: Rp667.3b

Engages in manufacturing and sale of self adhesive tapes and related supplementary materials in Indonesia and Malaysia.

Indo Kordsa

Market Cap: Rp2.7t

Engages in the manufacture, marketing, and sale of tire cord fabrics, yarn filaments, nylon tire cord, and raw materials of polyester in Indonesia, Thailand, the United States, Japan, Korea, India, Vietnam, Hungary, Malaysia, Brazil, Vietnam, China, South Africa, and internationally.

Bank Central Asia

Market Cap: Rp1081.7t

Provides banking products and other financial services to individual, corporate, and small and medium enterprise customers in Indonesia and internationally.

Selamat Sempurna

Market Cap: Rp10.2t

Manufactures and sells tools or equipment for vehicles, heavy equipment, and other machinery in Indonesia and internationally.

United Tractors

Market Cap: Rp83.2t

Provides coal mining services in Indonesia.

Samudera Indonesia

Market Cap: Rp4.1t

Provides cargo transportation and integrated logistics services in Indonesia and rest of Southeast Asia, the Middle East, India, and internationally.

Jaya Konstruksi Manggala Pratama

Market Cap: Rp1.2t

Engages in the construction business in Indonesia.

Enseval Putera Megatrading

Market Cap: Rp6.1t

Engages in the distribution and supply of pharmaceutical products, consumer products, medical equipment, cosmetics, and other products in Indonesia.

Astra International

Market Cap: Rp198.0t

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

Sumi Indo Kabel

Market Cap: Rp430.8b

Manufactures and sells cables and electrical equipment in Indonesia.

Multifiling Mitra Indonesia

Market Cap: Rp984.9b

Provides integrated storage and record management services in Indonesia.

Surya Toto Indonesia

Market Cap: Rp2.3t

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

Multi Prima Sejahtera

Market Cap: Rp156.4b

Manufactures and markets spark plugs and auto parts under the Champion brand in Indonesia and internationally.

Betonjaya Manunggal

Market Cap: Rp295.2b

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

Tigaraksa Satria

Market Cap: Rp6.1t

Engages in the trade and distribution of various consumer products in Indonesia.

GTS Internasional

Market Cap: Rp648.6b

PT GTS Internasional Tbk, together with its subsidiaries, transports liquefied natural gas worldwide.

Surya Pertiwi

Market Cap: Rp1.8t

Distributes bathroom and kitchen products in Indonesia.

Wilmar Cahaya Indonesia

Market Cap: Rp1.4t

Produces and sells vegetable and specialty oils for the food industry in Indonesia and internationally.

Asuransi Dayin Mitra

Market Cap: Rp187.4b

Provides general insurance products and services in Indonesia.

Indosat Ooredoo Hutchison

Market Cap: Rp59.7t

Provides digital telecommunication services in Indonesia.

Astra Otoparts

Market Cap: Rp10.6t

Manufactures, sells, distributes, and exports spare parts for two-wheelers and four-wheelers in Indonesia, rest of Asia, the Middle East, the United States, Europe, and Africa.

Mastersystem Infotama

Market Cap: Rp4.5t

Provides information and communication technology infrastructure solutions and system integration services to enterprise banking, oil and gas, enterprise, and telecommunication markets in Indonesia.

Sigma Energy Compressindo

Market Cap: Rp86.5b

A service company, provides equipment rental services for the monetization of oil and gas industry.

Ciputra Development

Market Cap: Rp16.8t

Develops and sells real estate properties in Indonesia.

Jasuindo Tiga Perkasa

Market Cap: Rp1.6t

Operates in the security printing industry in Indonesia.

Asuransi Multi Artha Guna

Market Cap: Rp1.8t

Provides general insurance in Indonesia.

Indonesia Kendaraan Terminal

Market Cap: Rp1.7t

Engages in the cargo loading-unloading and stacking yard business activities.

Charoen Pokphand Indonesia

Market Cap: Rp77.6t

Produces and sells poultry feed, broiler, food products, and day-old chicks (DOC) in Indonesia and internationally.

Nusa Raya Cipta

Market Cap: Rp765.2b

Provides construction services to commercial building and infrastructure in Indonesia.

Supreme Cable Manufacturing & Commerce

Market Cap: Rp1.7t

Manufactures and sells cables, insulation, and melamine products in Indonesia and internationally.