Aneka, Atlas Resources, Medco Energi: 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 0.7 percent to 3,805.65.

Energy companies: Crude oil futures gained for a sixth day, rising as much as 0.5 percent to $97.28 a barrel in after-hours trading in New York. Oil climbed 1.3 percent to $96.80 a barrel yesterday, the highest settlement since July 28.

PT Medco Energi Internasional (MEDC IJ), Indonesia’s biggest listed oil company, jumped 5.3 percent to 2,475 rupiah. PT Energi Mega Persada (ENRG IJ), the second largest, rose 3.9 percent to 159 rupiah.

PT Aneka Tambang (ANTM IJ): The Indonesian gold and nickel producer expects to sell a total of 4 trillion rupiah ($448 million) of bonds to fund expansion plans, with 1.5 trillion rupiah slated for sale this year, Aneka said. The company will use 80 percent of the total proceeds to open new mines and develop projects with the rest to be invested in its business units, it said. Aneka gained 0.6 percent to 1,710 rupiah.

PT Atlas Resources (ARII IJ): The coal producer expects output to rise to 4.5 million tons next year from an estimated 1.5 million tons this year, Bisnis Indonesia reported, citing Finance Director Dono Boestami. Atlas plans to spend $105 million in capital expenditures over the next three years, the report said. Atlas, which had its trading debut yesterday, rose 2.7 percent to 1,540 rupiah.

PT Bumi Resources (BUMI IJ): The nation’s biggest coal producer said it repaid the first tranche of a $1.9 billion loan to China Investment Corp. two years early. The $600 million tranche, which was due September 2013, was refinanced by Bank of America Merrill Lynch, Deutsche Bank AG, Barclays Bank Plc and JPMorgan Chase & Co., the statement said. Bumi rose 3.3 percent to 2,375 rupiah.

PT Perusahaan Gas Negara (PGAS IJ): Indonesia’s biggest gas distributor agreed to buy Santos Ltd.’s gas from the Maleo block in East Java province for $5 per million British thermal units compared with $3 previously, Kontan reported, citing Gde Pradnyana, a spokesman at the Indonesian oil and gas regulator BPMigas. Gas Negara climbed 0.8 percent to 3,125 rupiah.

PT Tambang Batubara Bukit Asam (PTBA IJ): The state-owned coal producer will pay an interim dividend of 103.46 rupiah a share next month, it said in a statement published in Bisnis Indonesia today. Bukit Asam advanced 2 percent to 18,050 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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