Elnusa, Indofood Sukses, Smartfren: Indonesia Equity Preview
Stock Chart for Indofood Sukses Makmur Tbk PT (INDF)
The Jakarta Composite index fell 0.4 percent to 3,986.52. The market was closed yesterday for a public holiday.
Energy companies: Crude oil futures rose for the first time in four days, adding 1.3 percent to $99.58 a barrel in New York yesterday. Oil was last at $99.59 a barrel. PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, was unchanged at 2,500 rupiah and PT Elnusa (ELSA) , an oil services provider, declined 2 percent to 240 rupiah.
PT Energi Mega Persada (ENRG) : Indonesia’s second- largest listed oil company denied a Kontan report on Jan. 20 that it may refinance its $200 million of debt at Credit Suisse Group. The company will pay the debt which is due November 2013 using its own funds, President Director Imam Agustino said. Energi Mega fell 2.4 percent to 200 rupiah.
PT Indofood Sukses Makmur (INDF) : The parent of the nation’s biggest instant-noodle maker plans to sell 2 trillion rupiah ($223 million) of bonds to refinance debt, Investor Daily Indonesia reported, citing Corporate Secretary Werianty Setiawan. Indofood fell 1.6 percent to 4,775 rupiah.
PT Smartfren Telecom (FREN) : The mobile-phone operator expects revenue to double this year to 2 trillion rupiah from a target of 1 trillion rupiah for 2011, Bisnis Indonesia reported, citing Finance Director Antony Susilo. Smartfren was unchanged at 50 rupiah.
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