Ciputra Property, Jasa Marga, Timah: Indonesia Equity Preview

Shares of the following companies may have unusual (JCI) moves in Indonesian trading. Stock symbols are in parentheses, and share prices are as of the previous close.

The Jakarta Composite index fell 1.3 percent to 3,687.01.

PT Ciputra Property (CTRP) : The property developer plans to spend 204.67 billion rupiah ($22 million) to buy back as much as 10 percent of its shares, starting this month until November 2012, Kontan reported, citing Director Artadinata Djangkar. Ciputra was unchanged at 450 rupiah.

PT Jasa Marga (JSMR) : The toll-road operator expects revenue to increase by about 12 percent in 2012 from this year’s target revenue of 4.8 trillion rupiah, Bisnis Indonesia reported, citing President Director Frans Sunito. Jasa Marga slipped 0.7 percent to 3,850 rupiah.

PT Timah (TINS) : The Indonesia Tin Association will ask Timah, the world’s largest exporting company, to stop all shipments to support global prices, said Johan Murod, general secretary of the producer group. Twenty-six companies agreed to keep a spot export ban until the yearend at a meeting yesterday, Murod said in an interview. Timah and PT Koba Tin were not present, he said. Timah declined 2.3 percent to 1,730 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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