Bloomberg News

Bumi, London Sumatra, Multistrada: Indonesian Equity Preview

May 10, 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 0.1 percent to 4,133.63.

PT Bumi Resources (BUMI) : Bumi Plc (BUMI), which owns 29 percent of the Indonesian coal producer, said it’s in talks to repay $1.3 billion of debt to China Investment Corp. this year as part of a wider plan to reduce financing costs. Bumi Resources declined 1.1 percent to 1,860 rupiah.

PT Multistrada Arah Sarana (MASA) : The tire producer expects sales to rise 30 percent this year to 3.72 trillion rupiah ($400 million) and net income to increase to 250 billion rupiah, Kontan reported citing, Corporate Secretary Even Go. Multistrada fell 1.8 percent to 540 rupiah.

PT Perusahaan Perkebunan London Sumatra Indonesia (LSIP) : The palm oil and rubber producer will pay a 100 rupiah a share cash dividend on June 22, the company said in a statement. London Sumatra rose 2.9 percent to 2,650 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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