Bloomberg News

Bank Rakyat, Telekomunikasi: Indonesia Equity Preview

January 24, 2012

(Company corrects 2011 forecast in second paragraph in story first published on Jan. 19.)

Jan. 19 (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 0.6 percent to 3,978.13.

PT Bank Rakyat Indonesia (BBRI IJ): Net income at the nation’s second-biggest bank by market value may have risen last year from 11.47 trillion rupiah ($1.3 billion) in 2010, Corporate Secretary Muhamad Ali said yesterday. Bank Rakyat advanced 1.4 percent to 7,050 rupiah.

PT Pakuwon Jati (PWON IJ): The property developer may seek as much as 1 trillion rupiah of loans to refinance debt, Bisnis Indonesia reported, citing Finance Director Minarto Basuki. Pakuwon fell 1.3 percent to 790 rupiah.

PT Telekomunikasi Indonesia (TLKM IJ): Indonesia’s biggest telephone company expects revenue to rise 5 percent to 6 percent this year compared with 2011 bolstered by growth in its data and cellular business, Kontan reported, citing Finance Director Sudiro Asno. Telkom, as the company is also known, was unchanged at 7,000 rupiah.

--Editor: Richard Frost

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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