Bloomberg News

Aneka Tambang, Astra, Bank Danamon: Indonesian Equity Preview

May 31, 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 2.2 percent to 3,832.82.

Energy companies: Crude oil for July delivery dropped 1.5 percent to $86.53 a barrel in New York yesterday, capping the biggest monthly drop in more than three years. The contract was last at in $86.04 in after-hours trading. PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, climbed 0.6 percent to 1,810 rupiah and PT Energi Mega Persada (ENRG) , the second largest, fell 6.4 percent to 146 rupiah.

PT Astra International (ASII) : Indonesia’s domestic vehicle sales in May rose 56 percent to 95,143 units from 61,053 a year earlier, Bisnis Indonesia reported, citing preliminary data from the Indonesian Automotive Industries Association. Astra, the nation’s biggest automotive retailer, dropped 2.6 percent to 64,300 rupiah.

PT Aneka Tambang (ANTM) : Indonesia’s second-biggest nickel producer is seeking $2.6 billion in financing to fund 65 percent of its projects, including the Tayan chemical-grade alumina and East Halmahera ferronickel plants, Investor Daily Indonesia reported, citing President Director Alwin Syah Loebis. Aneka plunged 12 percent to 1,150 rupiah.

PT Bank Danamon Indonesia (BDMN) : Bank Indonesia is studying a proposal to allow banks to own more than 40 percent of local banks provided investors meet criteria set by the central bank, Deputy Governor Halim Alamsyah said. Danamon, which Singapore’s DBS Group Holdings Ltd. seeks to acquire, declined 2.8 percent to 5,300 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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