Indonesian Low Leverage High Rewards

Tigaraksa Satria

Market Cap: Rp4.5t

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

Darya-Varia Laboratoria

Market Cap: Rp1.8t

Manufactures and trades pharmaceutical products and cosmetics in Indonesia.

Selamat Sempurna

Market Cap: Rp9.3t

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

Enseval Putera Megatrading

Market Cap: Rp6.3t

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

Arwana Citramulia

Market Cap: Rp3.1t

Manufactures and distributes ceramic tiles in Indonesia and internationally.

Kalbe Farma

Market Cap: Rp35.7t

Engages in the development, manufacture, and trading of pharmaceutical products in Indonesia.

Astra Otoparts

Market Cap: Rp11.6t

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

Bank Central Asia

Market Cap: Rp758.8t

Provides commercial banking and other financial services.

Kabelindo Murni

Market Cap: Rp320.3b

Manufactures electrical and telecommunication cables in Indonesia.

Japfa Comfeed Indonesia

Market Cap: Rp22.8t

Operates as an agri-food company in Indonesia and internationally.

AKR Corporindo

Market Cap: Rp25.1t

A logistics and supply chain company, engages in distribution and trading of petroleum and basic chemical products in Indonesia.

Astra Agro Lestari

Market Cap: Rp11.3t

Engages in the crude palm oil and related derivatives business in Indonesia.

Tempo Scan Pacific

Market Cap: Rp11.2t

Engages in the pharmaceuticals, personal care and cosmetics, and distribution services businesses in Indonesia and internationally.

Astra International

Market Cap: Rp190.7t

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.

Bank Danamon Indonesia

Market Cap: Rp39.0t

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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp245.2t

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

Citra Tubindo

Market Cap: Rp4.2t

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

Avia Avian

Market Cap: Rp18.4t

Manufactures and distributes paints and building materials in Indonesia.

Elnusa

Market Cap: Rp3.9t

Provides oil and gas services in Indonesia.

Mayora Indah

Market Cap: Rp41.4t

Engages in the manufacture and sale of food and beverage products in Indonesia, the rest of Asia, and internationally.

Surya Toto Indonesia

Market Cap: Rp2.4t

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

Asuransi Dayin Mitra

Market Cap: Rp211.2b

Engages in the general insurance business in Indonesia.

Blue Bird

Market Cap: Rp4.2t

Provides taxi transportation services in Indonesia.

Prodia Widyahusada

Market Cap: Rp2.2t

Provides clinical laboratory services in Indonesia.

Ekadharma International

Market Cap: Rp587.0b

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

Salim Ivomas Pratama

Market Cap: Rp8.5t

Produces and sells edible oils and fats in Indonesia, China, Singapore, Nigeria, Timor Leste, India, the Philippines, Germany, Ghana, Papua New Guinea, Haiti, and internationally.

Indo Kordsa

Market Cap: Rp2.0t

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

Pakuwon Jati

Market Cap: Rp11.8t

Operates as a real estate developer in Indonesia.

SINAR TERANG MANDIRI

Market Cap: Rp841.4b

Engages in the mining activities in Indonesia.

Chitose Internasional

Market Cap: Rp163.0b

Manufactures and sells furniture products for hotels, restaurants, offices, schools, hospitals, and homes in Indonesia.

Wismilak Inti Makmur

Market Cap: Rp3.5t

Manufactures and sells cigarettes in Indonesia and internationally.

Sumber Tani Agung Resources

Market Cap: Rp11.4t

Operates as an oil palm company in Indonesia.

Charoen Pokphand Indonesia

Market Cap: Rp51.8t

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

Jasuindo Tiga Perkasa

Market Cap: Rp4.0t

Operates in the security printing industry in Indonesia.

United Tractors

Market Cap: Rp80.7t

Provides coal mining services in Indonesia.