Adhi Karya, Bank Bukopin, Intiland: 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 rose 1.1 percent to 3,794.27.

Energy companies: Crude-oil futures in New York climbed as much as 0.5 percent in electronic trading, rising for a fourth day after gaining 1.5 percent to $98.67 a barrel yesterday. PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, increased 1 percent to 2,475 rupiah and PT Benakat Petroleum Energy (BIPI) advanced 2.5 percent to 205 rupiah.

PT Adhi Karya (ADHI) : The construction company expects revenue next year to rise to about 9.4 trillion rupiah ($1 billion) from an estimated 7 trillion rupiah this year, President Director Kiswodarmawan said. Net income may rise to 205 billion rupiah next year from about 183 billion rupiah this year, Kiswodarmawan said. Adhi was unchanged at 580 rupiah.

PT Astra International (ASII) : Indonesia’s car sales may increase to as much as 950,000 units in 2012, from this year’s target of 880,000 units, Kontan reported, citing Johnny Darmawan, deputy chairman of the nation’s automotive association. Astra, Indonesia’s largest automotive retailer, rose 1.9 percent to 73,050 rupiah.

PT Tambang Batubara Bukit Asam (PTBA) : The Indonesian state-owned coal producer and China Huadian Corp. won a contract to build a coal-fired power plant costing $1.6 billion in South Sumatra. Bukit Asam was unchanged at 16,500 rupiah.

PT Intiland Development (DILD) : The property developer plans to seek 600 billion rupiah of loans from local banks including PT Bank Central Asia (BBCA) and PT Bank Bukopin (BBKP) , to expand its business, Bisnis Indonesia reported, citing corporate secretary Theresia Rustandi. Intiland rose 7.8 percent to 275 rupiah. Bank Central Asia, the nation’s biggest bank by market value, gained 0.6 percent to 7,950 rupiah. Bukopin increased 3.4 percent to 600 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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