Bukit Asam, Indosat, Vale Indonesia: 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 0.5 percent to 3,984.90.

Banks: Indonesian banks were cut to “negative” from “positive” at Daiwa Securities Group Inc., which cited a less benign outlook for net interest margins.

PT Bank Mandiri (BMRI) , Indonesia’s largest bank by assets, was unchanged at 6,500 rupiah and PT Bank Central Asia (BBCA) , the biggest by market value, slid 0.7 percent to 7,700 rupiah.

Nickel producers: Nickel futures declined 2.1 percent to $19,075 a ton in London yesterday, the lowest close since Jan. 6. PT Vale Indonesia (INCO) , the nation’s biggest producer of the metal, fell 2.1 percent to 3,500 rupiah and PT Aneka Tambang (ANTM) , the second largest, lost 0.5 percent to 1,930 rupiah.

PT ABM Investama (ABMM) (ABMM IJ): The company’s unit, PT Reswara Minergi Hartama, will start coal production in Sumatra’s Aceh province in June and plans to produce 6 million tons to 8 million tons of coal in 2013, Kontan reported, citing Corporate Strategy Director Yovie Priadi. ABM Investama gained 0.7 percent to 3,600 rupiah.

PT Indosat (ISAT) : The mobile phone operator’s 2011 net income rose to 835 billion rupiah ($91.3 million) from 647.2 billion rupiah a year earlier, missing the median estimate of 1.24 trillion rupiah in a Bloomberg News survey of 18 analysts. Indosat fell 2.7 percent to 5,450 rupiah.

PT Tambang Batubara Bukit Asam (PTBA) : The state-owned coal producer’s 2011 net income rose 54 percent to 3.09 trillion rupiah, missing the median estimate of 3.27 trillion rupiah in a Bloomberg News survey of 23 analysts. Bukit Asam advanced 0.2 percent to 20,900 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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