Bloomberg News

Indomobil, Medco, Mitra Adiperkasa: Indonesia Equity Preview

March 01, 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 0.6 percent to 3,962.29.

Energy companies: Crude oil futures climbed over $110 a barrel in New York yesterday before settling at $108.84. Oil was last at $108.86 a barrel.

PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, fell 1.1 percent to 2,275 rupiah and PT Energi Mega Persada (ENRG) , the second largest, declined 1.6 percent to 187 rupiah.

PT Bakrie Sumatera Plantations (UNSP) : The plantation company plans to build three palm-oil mills this year in South Sumatra, West Sumatra and Jambi province to produce palm kernel oil, Kontan reported, citing President Director Ambono Janurianto. Bakrie Sumatera fell 1.7 percent to 290 rupiah.

PT Indomobil Sukses Internasional (IMAS) : The automotive retailer expects revenue to rise 20 percent to 19.2 trillion rupiah ($2.1 billion) this year, Investor Daily Indonesia reports, citing Commissioner Gunadi Sindhuwinata. Indomobil rose 0.7 percent to 14,500 rupiah.

PT Mitra Adiperkasa (MAPI) : The retailer’s 2011 revenue rose 25 percent from a year earlier to 5.9 trillion rupiah, Bisnis Indonesia reported, citing Corporate Secretary Fetty Kwartati. Mitra Adiperkasa rose 2.7 percent to 5,800 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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