Bloomberg News

Bank Mandiri, Medco, Media Nusantara: Indonesia Equity Preview

December 12, 2011

Dec. 13 (Bloomberg) -- Shares of the following companies may have unusual moves in Indonesian trading. Stock symbols are in parentheses, and share prices are as of the previous close.

The Jakarta Composite index rose 0.9 percent to 3,792.15.

Banks: Commercial lenders must implement separate risk- management policies for prime accounts to boost protection against fraud, the central bank said. Banks have until June 2012 to write the policies, Bank Indonesia said.

PT Bank Mandiri (BMRI IJ), the nation’s largest lender by assets, was unchanged at 6,600 rupiah. PT Bank Central Asia (BBCA IJ), the biggest bank by market value, advanced 1.3 percent to 8,000 rupiah.

Energy companies: Crude oil futures fell to a two-week low, dropping 1.7 percent to $97.77 a barrel in New York yesterday. Oil was last at $97.79 a barrel in after-hours trading.

PT Medco Energi Internasional (MEDC IJ), Indonesia’s biggest listed oil company, rose 3.1 percent to 2,475 rupiah and PT Energi Mega Persada (ENRG IJ), the second largest, fell 0.6 percent to 153 rupiah.

PT Media Nusantara Citra (MNCN IJ): The media company expects 2012 revenue to increase 30 percent to 40 percent to as much as 7.7 trillion rupiah ($845 million) from this year’s target of 5.5 trillion rupiah, Kontan reported, citing Corporate Secretary Arya Mahendra Sinulingga. Media Nusantara declined 2.9 percent to 1,360 rupiah.

--Editors: Marie-France Han, Matthew Oakley

To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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