Astra, Bank Tabungan, Indofood Sukses: 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 0.1 percent to 3,808.93.

PT Astra International (ASII IJ): The company’s first- quarter net income rose 43 percent from a year earlier to 4.3 trillion rupiah ($501 million) as the nation’s biggest automotive retailer sold more vehicles and profit at its heavy- equipment and palm-oil units increased. Astra climbed 0.8 percent to 55,600 rupiah.

PT Bank Central Asia (BBCA IJ): The company’s first-quarter net income rose to 2 trillion rupiah from a year earlier, the nation’s largest bank by market value said. That compares with a net income of 1.93 trillion rupiah in the same period a year earlier, according to data compiled by Bloomberg. Bank Central Asia gained 1.3 percent to 7,600 rupiah.

PT Bank Rakyat Indonesia (BBRI IJ): The bank’s first- quarter net income rose to 3.3 trillion rupiah from 2.15 trillion rupiah a year earlier, Indonesia’s second-largest bank by assets said in a statement published in Kontan. Net interest income in the period rose to 8.2 trillion rupiah from 6.7 trillion rupiah from last year, the statement said. Bank Rakyat was unchanged at 6,550 rupiah.

PT Bank Tabungan Negara (BBTN IJ): The bank’s first-quarter net income rose to 245 billion rupiah from 241 billion rupiah a year earlier, the lender said in a statement published in Kontan. Net interest income in the period rose to 882.7 billion rupiah from 828.3 billion rupiah from last year, the statement said. Bank Tabungan, the mortgage provider, fell 2.3 percent to 1,710 rupiah.

PT Indofood Sukses Makmur (INDF IJ): The company’s first- quarter net income rose to 1.23 trillion rupiah from 842.7 billion rupiah the same period a year earlier, it said in a statement published in the Jakarta Post. Sales in the period rose to 10.8 trillion rupiah from 9.3 trillion rupiah a year ago, the statement said. Indofood, which owns Indonesia’s biggest instant-noodle maker, was unchanged at 5,600 rupiah.

PT Tambang Batubara Bukit Asam (PTBA IJ): The state-owned coal producer said net income in the first quarter jumped 104 percent from a year earlier to 706.3 billion rupiah ($82.3 million) as the company sold coal at higher price. Revenue in the three months ended March 31 rose 30 percent to 2.3 trillion rupiah, it said. Bukit Asam was unchanged at 22,400 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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