Hexindo, Multistrada, Trada Maritime: 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 4,005.39.
PT Hexindo Adiperkasa (HEXA IJ): The Indonesian unit of Hitachi Construction Machinery Co. plans to pay 40 percent of last year’s net income as dividends in October, Kontan reported. Hexindo fell 2.9 percent to 8,300 rupiah.
PT Multistrada Arah Sarana (MASA IJ): The tire producer expects 2011 net income to increase to 230 billion rupiah ($26.8 million) and net sales may reach 3.2 trillion rupiah, Kontan reported. Multistrada was unchanged at 570 rupiah.
PT Trada Maritime (TRAM IJ): The Indonesian provider of marine services to the petroleum industry signed a memorandum of understanding to acquire convertible bonds issued by PT Awesome Coal that will allow it to own a coal mine with reserves of 61 million tons in East Kalimantan province, Trada Maritime said in an e-mailed statement. The stock jumped 24 percent to 870 rupiah.
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