First Media, Jasa Marga, Wijaya Karya: Indonesia 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 (JCI) gained 0.8 percent to 3,569.84.

PT First Media (KBLV IJ): The provider of television and broadband internet services is seeking investors to support its five-year expansion plan, Bisnis Indonesia reported, citing President Commissioner Peter F. Gontha. First Media is negotiating with several banks including Standard Chartered Plc, the report said. First Media rose 3.6 percent to 870 rupiah.

PT Jasa Marga (JSMR IJ): The Indonesian toll-road operator plans to acquire two toll roads this year, one in Solo and one in Surabaya, Investor Daily reported, citing Sumaryanto Widayatin, deputy in charge of infrastructure and logistics at Indonesia’s State Owned Enterprises Ministry. The toll roads are valued at a total of 5.1 trillion rupiah ($583 million), the report said. Jasa Marga was unchanged at 3,300 rupiah.

PT United Tractors (UNTR IJ): The company’s heavy equipment inventory of Komatsu Ltd. machinery is enough to cover two months of sales, it said. The company “continuously carries out a series of discussions with Komatsu” to estimate the impact of the March 11 earthquake and tsunami in Japan on heavy equipment supply, it said. United Tractors, Indonesia’s biggest heavy equipment seller, fell 4.3 percent to 22,400 rupiah.

PT Wijaya Karya (WIKA IJ): The state construction company has received financing commitments for as much as 5.1 trillion rupiah from eight banks to fund expansion plans this year, Bisnis Indonesia reported, citing Finance Director Ganda Kusuma. Wijaya Karya was unchanged at 630 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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