Indonesian Materials Potentially Undervalued Small Caps

Alumindo Light Metal Industry

Market Cap: Rp282.4b

Manufactures and sells flat rolled aluminum products in Indonesia, the United States, Asia, Europe, Australia, and the Middle East.

Indo Acidatama

Market Cap: Rp391.3b

Operates as an agro-chemical company in Indonesia.

SINAR TERANG MANDIRI

Market Cap: Rp890.4b

Engages in the mining activities in Indonesia.

Argha Karya Prima Industry

Market Cap: Rp306.1b

Produces and distributes flexible packaging films in Indonesia, the rest of Asia, America, Europe, Africa, the Middle East, Australia, and New Zealand.

Indal Aluminium Industry

Market Cap: Rp84.3b

Engages in the manufacture and distribution of aluminum products in Indonesia.

Intanwijaya Internasional

Market Cap: Rp131.9b

Manufactures formalin and formalin derivative products in Indonesia.

Saranacentral Bajatama

Market Cap: Rp289.8b

Engages in manufacturing and trading of steel products in Indonesia.

Champion Pacific Indonesia

Market Cap: Rp376.7b

Manufactures and sells flexible packaging products in Indonesia and internationally.

Lionmesh Prima

Market Cap: Rp24.6b

Engages in the manufacturing and selling welded steel wire mesh products primarily in Indonesia.