Bank Jabar, Bank Rakyat, Semen Gresik: Indonesia Equity Preview
Stock Chart for Bank Rakyat Indonesia Persero Tbk PT (BBRI)
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 dropped 4.2 percent to 3,478.55.
Nickel producers: Nickel for three-month delivery fell for a fourth day, losing 1.3 percent to $23,875 a metric ton in London yesterday. PT International Nickel Indonesia (INCO IJ), the nation’s largest producer of the metal, dropped 3.2 percent to 4,525 rupiah and PT Aneka Tambang (ANTM IJ), the second biggest, fell 4.2 percent to 2,275 rupiah.
PT Bank Rakyat Indonesia (BBRI IJ): Indonesia’s second- biggest bank by assets expects 2011 lending growth of as much as 22 percent compared with an estimated 18 percent to 20 percent last year, President Director Sofyan Basir said. PT Bank Negara Indonesia (BBNI IJ) targets loan growth of 19 percent this year compared with 10 percent to 12 percent last year, President Director Gatot Suwondo said.
Bank Rakyat fell 5.1 percent to 4,650 rupiah. Bank Negara, Indonesia’s third biggest state run bank, fell 4.9 percent to 3,375 rupiah.
PT Bank Pembangunan Daerah Jawa Barat & Banten (BJBR IJ): Bank Jabar, as the Indonesian lender is known, plans to sell 2 trillion rupiah ($220 million) of bonds on Jan. 27-28 to fund credit expansion, it said in a prospectus published in Bisnis Indonesia. Bank Jabar plunged 9.4 percent to 1,260 rupiah.
PT Semen Gresik (SMGR IJ): Indonesia’s largest producer of cement allocated 3.5 trillion rupiah to 4 trillion rupiah to build a plant in 2012, Bisnis Indonesia reported, citing President Director Dwi Sutjipto. Semen Gresik dropped 8 percent to 8,600 rupiah.
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