Citra Marga, Energi Mega, Smartfren: 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 0.5 percent to 3,769.21.

Energy companies: Crude oil futures declined for the first time in seven days, dropping 2 percent to $99.36 a barrel in New York yesterday. Oil was last at $99.43 a barrel.

PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, gained 1 percent to 2,475 rupiah and PT Energi Mega Persada (ENRG) , the second largest, retreated 2.9 percent to 170 rupiah.

PT Citra Marga Nusaphala Persada (CMNP) : The toll-road operator plans to raise 1 trillion rupiah to 1.5 trillion rupiah ($163 million) selling bonds in the first half of 2012 to fund highway acquisitions, Kontan reported, citing Finance Director Indrawan Sumantri. Citra Marga was unchanged at 1,640 rupiah.

PT Smartfren Telecom (FREN) : The mobile-phone operator plans to raise 1.3 trillion rupiah from a rights offer to repay debt, the company said in a prospectus published in Investor Daily. Smartfren was unchanged at 50 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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