Indonesian Capital Goods Potentially Undervalued Small Caps

Kobexindo Tractors

Market Cap: Rp361.3b

Distributes and services heavy equipment in Indonesia.

Ateliers Mecaniques D'Indonesie

Market Cap: Rp295.9b

Engages in the design, manufacture, and erection of boilers in Indonesia, Cameroon, Nigeria, Congo, the Republic of Cote d'Ivoire, Papua New Guinea, Malaysia, Liberia, and Sao Tome and Principe.

Kian Santang Muliatama

Market Cap: Rp150.3b

Engages in the supply of spare parts to gas industry in Indonesia.

Ace Oldfields

Market Cap: Rp157.7b

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

PP Presisi

Market Cap: Rp1.0t

Operates as an integrated heavy equipment-based construction company in Indonesia.

Sumi Indo Kabel

Market Cap: Rp618.1b

Manufactures and sells cables and electrical equipment in Indonesia.

Agung Semesta Sejahtera

Market Cap: Rp302.1b

Primarily engages in the development of real estate properties in Indonesia.