Bank Bukopin, Bumi, Indika, Nusantara: Indonesia Equity Preview

Shares of the following companies may have unusual moves in Indonesian trading. Stock symbols are in parentheses, and share prices are as of the previous close.

The Jakarta Composite index slid 0.95 point, or less than 0.1 percent, to 4,015.95.

Energy companies: Crude futures in New York rose for the first time in six days on Feb. 3, gaining 1.5 percent to $97.84 a barrel. Oil was last at $97.55 in electronic trading. PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, was unchanged at 2,275 rupiah and PT Energi Mega Persada (ENRG) , the second largest, slipped 0.5 percent to 197 rupiah.

PT Bank Bukopin (BBKP) : The Indonesian lender plans to sell 1 trillion rupiah ($111.5 million) of subordinated debt next month to fund loan expansion, Bukopin said in a statement published in Bisnis Indonesia. The sale is part of the bank’s plan to sell a total of 2 trillion rupiah of subordinated debt, it said. Bukopin climbed 1.5 percent to 670 rupiah.

PT Bumi Resources (BUMI) : Bumi Plc (BUMI), the coal producer listed in London by Nathaniel Rothschild, said shareholder Borneo Bumi Energi & Metal Ltd. called a meeting as it seeks to remove Rothschild and Chief Executive Officer Ari Hudaya. Bumi Resources, in which Bumi Plc owns a stake, was unchanged at 2,600 rupiah.

PT Indika Energy (INDY) : The coal producer raised 1.04 trillion rupiah selling 28.99 million shares of PT Petrosea (PTRO) to the public at 36,000 rupiah apiece, Bisnis Indonesia reported, citing Wishnu Wardhana, a director at Indika. Indika fell 4.9 percent to 2,450 rupiah. Petrosea, a service provider to the oil, gas and mining industries, jumped 13 percent to 45,000 rupiah when it last traded on Feb. 1.

PT Nusantara Infrastructure (META) : The company’s unaudited 2011 revenue rose 24 percent from a year earlier to 232 billion rupiah bolstered by higher toll-road tariffs and increased traffic volume on its highways, Bisnis Indonesia reported, citing Bernardus Djonoputro, managing director at the company. Nusantara Infrastructure was unchanged at 280 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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