Bank Mandiri, Bumi Resources, Permata: Indonesia Equity Preview

The following stocks may have unusual price changes in Indonesian trading. Stock symbols are in parentheses, and share prices are as of the last close.

The Jakarta Composite index rose 1.3 percent to 3,547.12.

Coal producers: Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, increased 0.5 percent to $95.35 a metric ton in the week ended Oct. 1, rising for the second week in three.

PT Adaro Energy (ADRO IJ), Indonesia’s second-largest coal producer, advanced 1.2 percent to 2,050 rupiah and PT Bayan Resources (BYAN IJ), climbed 2.2 percent to 11,500 rupiah.

PT Bank Mandiri (BMRI IJ): Indonesia’s biggest bank by assets may increase the percentage of a planned rights offer available to local investors, Finance Director Pahala Mansury said in a mobile-phone text message, without saying what the new percentage will be. Mandiri dropped 4.9 percent to 6,850 rupiah.

PT Bank Permata (BNLI IJ): The bank partly owned by Indonesia’s largest automotive retailer plans to raise as much as 2 trillion rupiah ($224 million) in a rights offer, it said in a statement published in Bisnis Indonesia. Bank Permata, in which PT Astra International (ASII IJ) owns a stake, fell 4.2 percent to 1,810 rupiah. Astra rose 5.1 percent to 59,600 rupiah.

PT Bumi Resources (BUMI IJ): PT Newmont Nusa Tenggara, the Indonesian venture of Newmont Mining Corp., may allocate a portion of its planned initial public offer to investors located in Nusa Tenggara Barat, the region where Newmont Nusa has its operation, Investor Daily Indonesia reported, citing Martiono Hadianto, president director of the venture. Bumi, Indonesia’s biggest coal producer whose unit owns a stake in Newmont Nusa Tenggara, gained 4.7 percent to 2,225 rupiah.

PT Timah (TINS IJ): Tin for three-month delivery rose 2.7 percent to $24,900 a metric ton in London on Oct. 1, the steepest advance since Sept. 8. Timah, Indonesia’s largest tin producer, climbed 1.6 percent to 3,200 rupiah.

To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net

To contact the editor responsible for this story: Reinie Booysen at rbooysen@bloomberg.net

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