Bumi Resources, Agung Podomoro, Minna: Indonesia Equity Preview
The Jakarta Composite index slid 0.9 percent to 3,869.42.
Coal producers: Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, fell 1 percent to $114.30 a metric ton in the week ended Jan. 6, according to the globalCOAL NEWC Index. PT Bumi Resources (BUMI) , Asia’s largest exporter of power-station coal, dropped 1.1 percent to 2,325 rupiah and PT Adaro Energy (ADRO) , Indonesia’s second-biggest coal producer, fell 1.1 percent to 1,770 rupiah.
PT Agung Podomoro Land (APLN) : The property developer’s net income may have jumped to 550 billion rupiah ($59.8 million) from 241.9 billion rupiah a year earlier, Investor Daily Indonesia reported, citing Finance Director Cesar Dela Cruz. Agung Podomoro was unchanged at 355 rupiah.
PT Bumi Serpong Damai (BSDE) : The property developer has allocated 200 billion rupiah for land acquisitions and is considering purchasing land in Surabaya in Indonesia’s East Java province, Samarinda in East Kalimantan and on Sumatra island, Bisnis Indonesia reported, citing Director Hermawan Wijaya. Bumi Serpong rose 1 percent to 1,010 rupiah.
PT Minna Padi Investama (PADI) (PADI IJ): The financial services company will start trading today after raising 118.5 billion rupiah in an initial public offering last week to strengthen its working capital structure and to fund expansion.
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