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Bakrieland, Kimia Farma, Semen Gresik: 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 0.1 percent to 3,987.35.

PT Astra International (ASII) : Honda Motor Corp. will invest 30 billion yen ($365 million) for a plant in Indonesia to increase motorcycle production capacity by 25 percent by the fall of 2013, the Nikkei newspaper reported, without saying where it got its information. Astra, Indonesia’s biggest automotive retailer that sells Honda motorcycles, slid 0.6 percent to 69,800 rupiah.

PT Bakrieland Development (ELTY) : The property developer plans to spend 870 billion rupiah ($95 million) to build hotels and resorts in a number of cities until 2015, Investor Daily Indonesia reported, citing Norman Daulay, a managing director at the company’s Hotels & Resorts business unit. The company’s biggest investment of 750 billion rupiah will be spent on developing the Nirwana Bali Resort, the report said. Bakrieland was unchanged at 129 rupiah.

PT Kimia Farma (KAEF) : The state-owned drug maker plans to invest 1.2 trillion rupiah over a two-year period to double capsule and tablet production capacity and to add new products, Kontan reported, citing President Director Muhammad Sjamsul Arifin. Kimia Farma was unchanged at 440 rupiah.

PT Semen Gresik (SMGR) : Indonesia’s biggest cement producer plans to a build a plant in Myanmar this year with an output capacity of 1.5 million tons to 2.5 million tons and at a cost of $300 million to $500 million, Investor Daily Indonesia reported, citing Finance Director Ahyanizzaman. Gresik was unchanged at 11,300 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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