Indonesian Low Leverage High Rewards

Kalbe Farma

Market Cap: Rp69.1t

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

Darya-Varia Laboratoria

Market Cap: Rp1.9t

Manufactures and trades pharmaceutical products and cosmetics in Indonesia.

Arwana Citramulia

Market Cap: Rp4.1t

Manufactures and distributes ceramic tiles in Indonesia.

Resource Alam Indonesia

Market Cap: Rp1.8t

Engages in the coal mining business in Indonesia.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp268.5t

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

Asuransi Dayin Mitra

Market Cap: Rp224.6b

Provides general insurance products and services in Indonesia.

Bank Central Asia

Market Cap: Rp1066.3t

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

Selamat Sempurna

Market Cap: Rp11.1t

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

Astra Otoparts

Market Cap: Rp9.9t

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.

Colorpak Indonesia

Market Cap: Rp412.0b

Together with its subsidiary, manufactures and markets printing inks, coatings, and adhesives in Indonesia.

Sumi Indo Kabel

Market Cap: Rp474.9b

Manufactures and sells cables and electrical equipment 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: Rp180.2t

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

Multifiling Mitra Indonesia

Market Cap: Rp984.9b

Provides integrated storage and record management services in Indonesia.

GTS Internasional

Market Cap: Rp632.8b

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

Multi Prima Sejahtera

Market Cap: Rp158.1b

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

Surya Toto Indonesia

Market Cap: Rp2.3t

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

Elnusa

Market Cap: Rp3.4t

Provides oil and gas services in Indonesia.

Betonjaya Manunggal

Market Cap: Rp275.0b

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

Mandiri Herindo Adiperkasa

Market Cap: Rp2.5t

Provides mineral and coal transportation services in Indonesia.

Tigaraksa Satria

Market Cap: Rp5.5t

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

Ekadharma International

Market Cap: Rp642.9b

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

Wilmar Cahaya Indonesia

Market Cap: Rp1.8t

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

Surya Pertiwi

Market Cap: Rp1.8t

Distributes bathroom and kitchen products in Indonesia.

Indo Kordsa

Market Cap: Rp2.5t

Engages in the manufacture, marketing, and sale of tire cord fabrics, yarn filaments, nylon tire cord, and raw materials of polyester.

Mastersystem Infotama

Market Cap: Rp4.2t

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

Bayu Buana

Market Cap: Rp453.9b

Operates as a travel agent in Indonesia and internationally.

Indonesia Kendaraan Terminal

Market Cap: Rp1.8t

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

Charoen Pokphand Indonesia

Market Cap: Rp76.3t

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

Jasuindo Tiga Perkasa

Market Cap: Rp1.7t

Operates in the security printing industry in Indonesia.

Ciputra Development

Market Cap: Rp17.7t

Develops and sells real estate properties in Indonesia.

Paramita Bangun Sarana

Market Cap: Rp1.1t

Engages in the construction business in Indonesia and Malaysia.

Elang Mahkota Teknologi

Market Cap: Rp29.0t

Through its subsidiaries, engages in the media, healthcare, and other businesses in Indonesia.

BISI International

Market Cap: Rp2.8t

Engages in the production and sale of hybrid seeds, horticulture seeds, rice seeds, and agriculture products in Indonesia and internationally.

Panorama Sentrawisata

Market Cap: Rp1.2t

Engages in the tourism business in Indonesia and internationally.

Astra Graphia

Market Cap: Rp1.2t

Engages in trading, industrial, consulting, office equipment and supplies contractor services, information technology, telecommunications, and investment businesses.