Bank Tabungan, Ciputra, Semen Gresik: 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 slipped 0.1 percent to 3,689.67.

PT Bank Tabungan Pensiunan Nasional (BTPN IJ): The company that specializes on pension loans plans to sell three-year and five-year bonds amounting to 1.1 trillion rupiah ($122 million) this month to boost lending, it said in a statement published in Bisnis Indonesia. The offering period is on Dec. 16 and Dec. 17, it said. Bank Tabungan fell 0.7 percent to 13,900 rupiah.

PT Bumi Resources (BUMI IJ): Vallar Plc may seek funding next year to repay Bumi’s $1.9 billion debt to China Investment Corp., Bisnis Indonesia reported, citing Darren Morris, a financial adviser to Vallar. Bumi and Vallar, which in November agreed to buy a stake in the Indonesian company, made no comment in the report on the fund raising plan. Bumi, Indonesia’s largest coal producer, declined 0.8 percent to 2,975 rupiah.

PT Ciputra Property (CTRP IJ): The property developer’s 2011 net income may rise 15 percent because of higher sales and on expectations it won’t post a foreign exchange loss like this year, Kontan reported, citing Director Artadinata Djangkar. Ciputra Property was unchanged at 435 rupiah.

PT Semen Gresik (SMGR IJ): Indonesia’s biggest cement maker plans to spend $300 million on capital expenditures next year with $240 million to be used for building a factory, Bisnis Indonesia reported, citing Finance Director Cholil Hasan. Semen Gresik fell 1.1 percent to 9,300 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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