Bloomberg News

Bumi, Citra Marga, Indo Tambangraya: Indonesia Equity Preview

April 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 rose 0.4 percent to 4,121.55.

Nickel producers: Nickel for three-month delivery rose 3.9 percent to $17,825 a metric ton in London on March 30, the steepest increase since Dec. 5. The futures rose 1.8 percent today. PT Vale Indonesia (INCO) , the nation’s largest producer of the metal, advanced 0.8 percent to 3,375 rupiah and PT Aneka Tambang (ANTM) , the second biggest, fell 1.1 percent to 1,800 rupiah.

PT Bumi Resources (BUMI) : Indonesia’s largest coal producer said 2011 net income climbed to $220.5 million from $207.1 million. The mean estimate was $374.9 million, according to a Bloomberg News survey of 18 analysts. Bumi declined 1.1 percent to 2,350 rupiah.

PT BW Plantation (BWPT) : The palm oil producer will increase capital expenditure this year to 1.1 trillion rupiah ($120 million) from 700 billion rupiah, Investor Daily Indonesia reported, citing Finance Director Iman Faturachman. BW Plantation was unchanged at 1,650 rupiah.

PT Citra Marga Nusaphala Persada (CMNP) : The toll road operator is considering investing as much as 7 trillion rupiah to build either a railway or a road with a waterway to transport coal in South Sumatra province, Bisnis Indonesia reported, citing Hudaya Arryanto, director of operations at the company. Citra Marga gained 1.2 percent to 2,075 rupiah.

PT Indo Tambangraya Mega (ITMG) : The Indonesian unit of Banpu Pcl, Thailand’s largest coal producer, expects revenue this year to rise 13 percent to $2.7 billion, Bisnis Indonesia reported, citing Finance Director Edward Manurung. The company is targeting coal production to increase to 27 million tons from 24.7 million tons with an average selling price of $100 per ton, the report said. Indo Tambangraya rose 1.1 percent to 43,450 rupiah.

PT Telekomunikasi Indonesia (TLKM) : The nation’s biggest telephone company said 2011 net income fell 5 percent to 10.96 trillion rupiah. The mean estimate was 11.57 trillion rupiah in a Bloomberg News survey of 18 analysts. Telkom, as the company is known, slid 0.7 percent to 7,000 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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