Bloomberg News

Aneka, Bukit Asam, Sinar Mas Agro: Indonesian Equity Preview

April 15, 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 0.5 percent to 4,159.28.

Nickel producers: Nickel futures declined 2.1 percent to $18,310 a metric ton in London on April 13, the most since April 4. PT Vale Indonesia (INCO) , the nation’s biggest producer of the metal, was unchanged at 3,175 rupiah and PT Aneka Tambang (ANTM) , the second largest, lost 0.6 percent to 1,750 rupiah.

PT Sinar Mas Agro Resources and Technology (SMAR IJ): The palm oil producer plans to sell a total of 3 trillion rupiah ($327 million) of bonds this year, Bisnis Indonesia reported, citing two unidentified people. Sinar Mas Agro rose 0.8 percent to 6,050 rupiah.

PT Tambang Batubara Bukit Asam (PTBA) : The state-owned coal producer expects net income to rise 23 percent to 3.8 trillion rupiah this year supported by higher coal sales volume, Investor Daily Indonesia reported, without saying where it obtained the information. The company plans to buy back 115.2 million of its shares over an 18-month period and has allocated 2.04 trillion rupiah for the purchase, the report said, citing President Director Milawarma. Bukit Asam slipped 0.3 percent to 18,900 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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