BFI Finance, Chandra Asri, Kalbe: Indonesia Stock Market 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) fell 0.2 percent to 3,826.14.

PT BFI Finance Indonesia (BFIN IJ): The company plans to sell 200 billion rupiah ($23 million) of bonds maturing in 370 days to 36 months to support consumer financing, BFI Finance said in a statement published in Investor Daily Indonesia today. The notes will be offered to the public between July 1 and July 5, it said. BFI Finance rose 6.8 percent to 4,700 rupiah.

PT Chandra Asri Petrochemical (TPIA IJ): The petrochemical producer’s first-quarter net income rose to $23.6 million after its merger with PT Try Polyta Indonesia in January 2011, the company said in statement sent by e-mail late yesterday. Revenue rose to $547.3 million, supported by sales of polyethylene and polypropylene, the company said. Chandra Asri rose 3 percent to 4,250 rupiah.

PT Kalbe Farma (KLBF IJ): Indonesia’s biggest pharmaceutical company will allocate about 500 billion rupiah to expand its business to Singapore, Malaysia, Philippines, Thailand and Vietnam over the next five years, Investor Daily Indonesia reported, citing Finance Director Vidjongtius. Kalbe Farma fell 1.5 percent to 3,375 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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