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Astra, International Nickel, Total: 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 0.3 percent to 3,751.60.

Energy companies: Crude oil futures tumbled the most since September, dropping 5.2 percent to $94.95 a barrel in New York yesterday. Oil was last traded at $94.92 a barrel.

PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, was unchanged at 2,425 rupiah and PT Energi Mega Persada (ENRG) , the second largest, advanced 4.6 percent to 160 rupiah.

Metal producers: Nickel for three-month delivery sank 4.9 percent to $17,400 a metric ton in London yesterday and tin lost 5.2 percent to $18,525 a ton. PT International Nickel Indonesia (INCO) , the nation’s biggest producer of the metal, was unchanged at 3,100 rupiah and PT Timah (TINS) , Indonesia’s largest tin mining company, rose 0.6 percent to 1,720 rupiah.

PT Astra International (ASII) : Indonesia’s motorcycle sales may rise 15 percent next year to 9.4 million units supported by strong economic growth, Investor Daily Indonesia reported, citing Gunadi Sindhuwinata, chairman of the nation’s motorcycle industry association. Astra, which sells Honda Motor Co. motorcycles, fell 3.9 percent to 72,000 rupiah.

PT Total Bangun Persada (TOTL) : The construction services company expects revenue to rise 27 percent next year to 1.9 trillion rupiah ($208 million), Bisnis Indonesia reported, citing Corporate Secretary Elvina Apandi Hermansyah. Total Bangun was unchanged at 290 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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