The Jakarta Composite index slid 0.14 points, or less than 0.1 percent, to 3,909.5.
Energy companies: Crude oil futures dropped the most in two weeks, losing 1.8 percent to $99.10 a barrel in New York yesterday. Oil was last at $99.31. PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, was unchanged at 2,475 rupiah and PT Energi Mega Persada (ENRG) , the second largest, slipped 0.5 percent to 198 rupiah.
PT Golden Energy Mines (GEMS) (GEMS IJ): The coal producer has signed agreements to sell 4 million tons of coal this year out of a 10 million-ton production target, Kontan reported, citing President Director Fuganto Widjaja. The company expects net income of 892 billion rupiah ($97 million) in 2012, compared with an estimated 482 billion rupiah in 2011, the report said. Golden Energy fell 1.8 percent to 2,700 rupiah.
PT Garuda Indonesia (GIAA) (GIAA IJ): The national flag carrier expects sales to rise 21 percent this year from last year’s unaudited total of 27.1 trillion rupiah, Chief Executive Officer Emirsyah Satar told reporters. The company’s unaudited 2011 net income was 900 billion rupiah, Satar said. Garuda had a net income of 515.5 billion rupiah in 2010, according to data compiled by Bloomberg. The stock rose 7.6 percent to 570 rupiah.
PT Indomobil Sukses Internasional (IMAS) : The company’s financing unit, PT Indomobil Finance Indonesia, plans to sell 4 trillion rupiah of bonds in two years to help fund its financing business, Bisnis Indonesia reported, citing Director Gunawan. The company may sell 750 billion rupiah in the second quarter as part of its planned bond sale, the report said. Indomobil, an automotive retailer, retreated 0.4 percent to 14,350 rupiah.
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