Alam Sutera Realty, Bakrie & Brothers: Indonesia Equity Preview
Stock Chart for Alam Sutera Realty Tbk PT (ASRI)
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 rose 1.8 percent to 3,768.35.
Coal producers: Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, fell 1.1 percent to $110.28 a metric ton in the week ended Dec. 16.
PT Bumi Resources (BUMI) , Asia’s largest exporter of power-station coal, was unchanged at 2,250 rupiah and PT Adaro Energy (ADRO) , Indonesia’s second-largest coal producer, rose 1.1 percent to 1,840 rupiah.
PT Alam Sutera Realty (ASRI) : The property developer plans to invest 3 trillion rupiah ($330 million) in 2012 to boost business expansion, Investor Daily Indonesia reported citing, President Director Tri Ramadi. The company may sell $200 million of global bonds to help finance its business next year, the report said. Alam Sutera advanced 2.2 percent to 460 rupiah.
PT Bakrie & Brothers (BNBR) : The investment company may sell 1 trillion rupiah of bonds in the first quarter of next year to refinance debt, Finance Director Eddy Soeparno said. Bakrie expects revenue to rise as much as 25 percent next year, Soeparno also said. The stock was unchanged at 51 rupiah.
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