Astra International, Inco, Matahari: 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) fell 1 percent to 3,790.85.

PT Astra International (ASII IJ): Indonesia’s biggest automotive retailer posted net income in the nine months to September of 13.5 trillion rupiah ($1.5 billion), up from 10.6 trillion rupiah year earlier, the company said in a statement to the stock exchange. Nine-month sales climbed to 119.53 trillion rupiah from 94.36 trillion rupiah a year earlier. Astra International dropped 1.3 percent to 69,000 rupiah.

PT Bank Internasional Indonesia (BNII IJ): The Indonesian unit of Malayan Banking Bhd. said net income in the nine months ended Sept. 31 rose 34 percent from a year earlier to 555 billion rupiah, according to an e-mailed statement from its Malaysian parent Malayan Banking Bhd. Bank Internasional was unchanged at 430 rupiah.

PT BW Plantation (BWPT IJ): A palm oil producer’s nine- month net income rose to 235.17 billion rupiah from 142.23 billion rupiah from a year earlier, the company said in a statement to the stock exchange. Revenue gained to 660.85 billion rupiah from 418.49 billion rupiah, the statement said. BW Plantation fell 2.5 percent to 1,170 rupiah.

PT International Nickel Indonesia (INCO IJ): The nation’s biggest producer of the metal reported nine-month net income of $319.9 million, down from $328.5 million a year earlier, the company said in an exchange filing. Revenue for the period ended Sept. 30 rose to $1 billion from $947 million. International Nickel dropped 2 percent to 3,650 rupiah.

PT Indocement Tunggal Prakarsa (INTP IJ): Indonesia’s second largest cement producer posted nine-month net income of 2.6 trillion rupiah, up from 2.4 trillion rupiah a year ago, Indonesia’s second-largest cement maker said in an e-mailed statement. Revenue for the period ended Sept. 30 rose to 9.8 trillion rupiah from 8.1 trillion rupiah, the company said. Indocement was unchanged at 16,350 rupiah.

PT Indofood Sukses Makmur (INDF IJ): The nation’s biggest instant-noodle maker, which uses wheat for producing the food, was downgraded to “fully valued” from “hold” by Ben Santoso, an analyst at DBS Vickers. The 12-month target price is 4,875 rupiah per share. Indofood fell 2.8 percent to 5,250 rupiah.

PT Matahari Putra Prima (MPPA IJ): Indonesia’s biggest retailer by market value posted nine-month net income of 75.03 billion rupiah, up from 5.7 trillion rupiah a year earlier, the Indonesian retail company said in an e-mailed statement. The company posted net sales of 6.53 trillion rupiah compared with 6.52 trillion rupiah in the same period last year. Matahari gained 1 percent to 990 rupiah.

PT Unilever Indonesia (UNVR IJ): Indonesia’s biggest detergent maker reported nine-month net income of 3.03 trillion rupiah, up from 2.55 trillion rupiah the same period a year earlier, the company said in a statement to the stock exchange. Sales for the period at the company gained to 17.3 trillion rupiah from 14.68 trillion rupiah, the statement said. Unilever slipped 0.3 percent to 15,650 rupiah.

To contact the reporter on this story: Femi Adi in Jakarta at fadi1@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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