Bloomberg News

Berau Coal, Jasa Marga, Pembangunan: Indonesia Equity Preview

February 27, 2012

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 fell 0.9 percent to 3,861.02.

Energy companies: Crude oil futures fell for the first time in eight days, losing 1.1 percent to $108.56 a barrel in New York yesterday. Oil was last at $107.95 a barrel.

PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, rose 1.1 percent to 2,275 rupiah and PT Energi Mega Persada (ENRG) , the second largest, retreated 1 percent to 191 rupiah.

PT Astra International (ASII) : Indonesia’s largest automotive retailer said 2011 net income rose 24 percent from a year earlier to 17.79 trillion rupiah ($1.9 billion). That compares with the median estimate of 17.43 trillion rupiah in a Bloomberg News survey of 20 analysts. The company will propose a 10-for-1 stock split at its shareholders meeting in April or May, it also said. Astra rose 0.7 percent to 68,700 rupiah.

PT Berau Coal Energy (BRAU) : The coal producer will increase its capital expenditure to $691 million until 2014 from the current target of as much as $475 million, Investor Daily Indonesia reported, citing President Director Rosan Perkasa Roeslani. Berau slid 1 percent to 475 rupiah.

PT Jasa Marga (JSMR) : Indonesia’s largest toll-road operator plans to expand into property development after March by investing in a joint venture with state-owned construction company PT Pembangunan Perumahan (PTPP) , the Jakarta Post reported, citing Jasa Marga President Director Adityawarman. Jasa Marga was unchanged at 4,650 rupiah and PT Pembangunan Perumahan declined 1.6 percent to 620 rupiah.

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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