Astra, Global Land, Surya Semesta: Indonesia Equity Preview
The Jakarta Composite index fell 0.7 percent to 3,909.7.
Energy companies: Brent oil for February settlement rose 0.7 percent to $111.20 a barrel on the London-based ICE Futures Europe exchange yesterday, when the contract expired.
PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, was unchanged at 2,550 rupiah and PT Energi Mega Persada (ENRG) , the second largest, advanced 2.5 percent to 205 rupiah.
PT Astra International (ASII) : Indonesia’s domestic vehicle sales in December rose 19 percent from a month earlier to 80,325 units, bringing last year’s total sales to 894,180 units, Astra said, citing data from the nation’s automotive industries association. Astra, Indonesia’s biggest automotive retailer, slipped 0.7 percent to 76,200 rupiah.
PT Global Land Development (KPIG) : The developer may spend 2.86 trillion rupiah ($310 million) to build office buildings this year and expects them to be completed in 2013, Bisnis Indonesia reported, citing Daniel Yuwonokhoe, a director at the company. Global Land was unchanged at 670 rupiah.
PT Semen Gresik (SMGR) : Indonesia’s largest cement maker may build a cement plant in Kalimantan in 2014 or 2015, Bisnis Indonesia reported, citing Agung Wiharto, an investor relations officer at the company. Semen Gresik retreated 2.1 percent to 11,550 rupiah.
PT Surya Semesta Internusa (SSIA) : The developer and construction services provider is seeking a 500 billion rupiah bank loan to fund capital expenditure this year, Bisnis Indonesia reported, citing President Director Johannes Suriadjaja. The company may spend 1 trillion rupiah on capital expenditure in 2012, the report said. Surya Semesta rose 3.3 percent to 930 rupiah.
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