Berau Coal, Indocement, Trikomsel: Indonesian Equity Preview
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 1.1 percent to 3,860.16.
Cement producers: Domestic cement sales in the first six months of 2012 will probably rise 13 percent from a year earlier to 26 million tons, Investor Daily Indonesia reported, citing Widodo Santoso, general chairman of Indonesia’s cement association. Sales rose 14 percent to 21.52 million tons in the five months to May, the report said.
PT Semen Gresik (SMGR) , Indonesia’s biggest cement maker, advanced 4.5 percent to 11,600 rupiah and PT Indocement Tunggal Prakarsa (INTP) , the second largest, increased 1.2 percent to 17,200 rupiah.
PT Berau Coal Energy (BRAU) : The coal producer may spend $300 million to build a 40 megawatt power plant and an overland conveyer belt, Investor Daily reported, citing President Director Rosan Roeslani. The company has signed contracts for sales of 19.8 million tons of coal this year, amounting to 90 percent of its 2012 sales target, the report said. Berau Coal fell 5.5 percent to 345 rupiah.
PT Trikomsel Oke (TRIO) : The Indonesian mobile-phone retailer raised its sales target for this year to 12 trillion rupiah ($1.28 billion) from 8 trillion rupiah as it plans to acquire 72 percent of PT Global Teleshop for $100 million at the end of this month, Investor Daily reported, citing President Director Sugiono Wiyono Sugialam. Trikomsel rose 6.3 percent to 850 rupiah.
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