Aneka, Bank Bukopin, Multistrada Arah: 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) rose 0.2 percent to 3,531.48.
PT Aneka Tambang (ANTM IJ): Indonesia’s second-biggest nickel producer is seeking $1 billion of funds to build a ferronickel plant in North Maluku, Investor Daily reported, citing President Director Alwin Syah Loebis. The company may borrow from banks or sell bonds to raise the money needed, according to the report. Aneka was unchanged at 2,150 rupiah.
PT Bank Bukopin (BBKP IJ): The Indonesian bank’s 2010 net income increased to 492.6 billion rupiah ($56 million) from 362.2 billion rupiah a year earlier, it said in a statement published in Investor Daily Indonesia today. Bukopin gained 1.7 percent to 610 rupiah.
PT Bank Mandiri (BMRI IJ): Indonesia’s biggest bank by assets plans to acquire a general insurance company in the third quarter of this year, Bisnis Indonesia reported, citing President Director Zulkifli Zaini. The lender is carrying out due diligence on three companies, the newspaper cited Zaini as saying. Mandiri rose 1.7 percent to 6,100 rupiah.
PT Multistrada Arah Sarana (MASA IJ): The company’s 2010 net income rose to 176.1 billion rupiah from 174.9 billion rupiah a year earlier, the tire producer said in a statement published in Kontan today. Multistrada declined 3.6 percent to 265 rupiah.
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