Aneka, Bumi, Kalbe Farma, OCBC NISP: 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 fell 0.2 percent to 3,978.99.

PT Aneka Tambang (ANTM) : Indonesia’s second-biggest nickel producer plans to proceed with a $1 billion alumina smelter in Mempawah in West Kalimantan province after its Chinese partner Hangzhou Jinjiang Group Co. withdrew from the project, Kontan reported, citing President Director Alwin Syah Loebis. Aneka fell 1 percent to 1,910 rupiah.

PT Bumi Resources (BUMI) : Bumi Plc (BUMI)’s two largest shareholders are “absolutely confident” that investors will support a proposal to replace the directors of the company, including billionaire founder Nathaniel Rothschild. Bumi Plc owns 29.2 percent of Bumi Resources. The stock was unchanged at 2,475 rupiah.

PT Kalbe Farma (KLBF) : The pharmaceutical company has proposed to pay out half, or about 850 billion rupiah ($94 million), of last year’s net income as dividend and it expects revenue this year to rise as much as 20 percent, Investor Daily Indonesia reported, citing Finance Director Vidjongtius. Kalbe Farma rose 2.1 percent to 3,575 rupiah.

PT OCBC NISP (NISP) : The Indonesian unit of Singapore’s second-biggest bank, Oversea-Chinese Banking Corp., expects to raise at least 1 trillion rupiah from selling new shares in a rights offer in the first half of this year to bolster its capital-adequacy ratio, Bisnis Indonesia reported, citing President Director Parwati Surjaudaja. OCBC NISP advanced 2.5 percent to 1,230 rupiah.

PT Wijaya Karya (WIKA) : The state-owned construction company expects 2012 net income to rise to 430 billion rupiah from an estimated 350 billion last year, Kontan reported without saying where it obtained the information. Wijaya Karya was unchanged at 690 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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