Bloomberg News

Gas Negara, Jasa Marga, Medco Energi: Indonesian Equity Preview

March 29, 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 climbed 0.4 percent to 4,105.17.

Energy companies: Crude oil futures fell to a six-week low, losing 2.5 percent to $102.78 a barrel in New York yesterday. Oil was last at $103.45. PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, dropped 2.2 percent to 2,200 rupiah and PT Energi Mega Persada (ENRG) , the second largest, slid 0.5 percent to 185 rupiah.

PT Bank Central Asia (BBCA) : Indonesia’s largest bank by market value said its 2011 net income gained 28 percent to 10.8 trillion rupiah ($1.18 billion), beating the mean estimate of 10 trillion rupiah in a Bloomberg News survey of 28 analysts. Bank Central Asia fell 0.6 percent to 8,050 rupiah.

PT Jasa Marga (JSMR) : Indonesia’s biggest toll operator said its 2011 net income climbed to 1.3 trillion rupiah from 1.2 trillion rupiah a year earlier. The mean estimate was 1.4 trillion rupiah, according to a Bloomberg News survey of 19 analysts. Jasa Marga was unchanged at 4,950 rupiah.

PT Perusahaan Gas Negara (PGAS) : Indonesia’s biggest gas distributor said 2011 net income dropped 4.8 percent from a year earlier to 5.93 trillion rupiah. The mean estimate was 6.43 trillion rupiah, according to a Bloomberg News survey of 18 analysts. Gas Negara lost 1.3 percent to 3,750 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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