Bloomberg News

Bank Danamon, Energi Mega Persada: Indonesian Equity Preview

June 24, 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 0.3 percent to 3,889.52.

Energy companies: Crude oil futures advanced from an eight- month low, gaining 2 percent to $79.76 a barrel in New York on June 22. Oil was last at $80.09 in after-hours trading.

PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, fell 0.6 percent to 1,810 rupiah and PT Energi Mega Persada (ENRG) , the second largest, climbed 0.7 percent to 138 rupiah.

PT Bank Danamon Indonesia (BDMN) : Indonesia will determine bank ownership limits based on a grading system that measures the quality of lenders’ corporate governance and financial “health,” Bank Indonesia Deputy Governor Halim Alamsyah said. Danamon, the takeover target of Singapore’s DBS Group Holdings Ltd., was unchanged at 5,900 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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