Bloomberg News

Bank Mandiri, Bayan Resources, Timah: Indonesian Equity Preview

April 11, 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 0.5 percent to 4,130.01.

Banks: The Indonesian central bank will keep its benchmark interest rate unchanged at a record low of 5.75 percent at today’s policy rate meeting, according to the median estimate of 20 economists in a Bloomberg News survey.

PT Bank Mandiri (BMRI) , the nation’s largest lender by assets, rose 0.7 percent to 6,950 rupiah and PT Bank Central Asia (BBCA) , the biggest by market value, was unchanged at 7,900 rupiah.

PT Bayan Resources (BYAN) : The coal producer expects to sell coal this year at an average price of about $95 a metric ton, little changed from last year, Kontan reported, citing Corporate Secretary Jenny Quantero. The company expects to produce 18 million tons to 20 million tons of coal this year compared with 15.5 million tons in 2011, the report said. Bayan fell 0.9 percent to 17,600 rupiah.

PT Timah (TINS) : Operations of Indonesia’s biggest tin producer are not affected by the 8.7 magnitude earthquake that struck off Indonesia’s Aceh province, Corporate Secretary Abrun Abubakar said. Timah’s operations are on Bangka island off the east coast of Sumatra. The quake was off the west coast. Timah fell 2.2 percent to 1,770 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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