Agung Podomoro, Bayan, Citra Marga: Indonesian 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 rose 0.3 percent to 4,090.57.

Energy companies: Crude oil futures dropped 1.8 percent to $105.41 a barrel in New York yesterday, declining for the first time in four days. PT Medco Energi Internasional (MEDC) , the nation’s biggest listed oil company, rose 1.1 percent to 2,250 rupiah and PT Energi Mega Persada (ENRG) , the second-largest, climbed 0.5 percent to 186 rupiah.

PT Agung Podomoro Land (APLN) : The Indonesian property developer plans to sell 1 trillion rupiah ($108.8 million) of bonds in June to fund its acquisition of 10 projects to 15 projects in 2012 and 2013, Investor Daily Indonesia reported, citing Vice President Director Indra Wijaya. Agung Podomoro gained 1.4 percent to 355 rupiah.

PT Bayan Resources (BYAN) : The coal producer’s unit, PT Gunungbayan Pratamacoal, extended PT Petrosea’s (PTRO IJ) mining contract until Dec 31, 2017 under a $600 million deal to boost production, Bayan Resources said in a statement. The stock fell 0.8 percent to 17,850 rupiah. Petrosea, a mining and oil services company, retreated 0.6 percent to 3,925 rupiah.

PT Citra Marga Nusaphala Persada (CMNP) : Net income at Indonesia’s largest toll operator rose 20 percent last year to 357 billion rupiah. The mean estimate was 315 billion rupiah in a Bloomberg News survey of three analysts. Citra Marga fell 1 percent to 1,980 rupiah.

PT Vale Indonesia (INCO) : Net income at the nation’s biggest nickel producer fell 24 percent last year to $333.8 million and compared with a mean estimate of $402.8 million in a Bloomberg News survey of 20 analysts. Vale slipped 0.7 percent to 3,350 rupiah.

To contact the reporter on this story: Berni Moestafa in Jakarta at

To contact the editor responsible for this story: Darren Boey at

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