Indonesian Stocks: Astra Agro Lestari, Kalbe, Panin Sekuritas

Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses and prices are as of the close in Jakarta.

The Jakarta Composite Index (JCI) lost 0.2 percent to 4,163.64.

PT Astra Agro Lestari (AALI) , Indonesia’s biggest listed plantation company by market value, fell 1.4 percent to 21,900 rupiah, the lowest close since March 27. First-quarter net income declined 42 percent from a year earlier to 377.9 billion rupiah ($41.1 million), the company said yesterday. Astra Agro’s “unexciting earnings growth will persist,” PT Kim Eng Securities wrote in a note today.

PT Kalbe Farma (KLBF) , Indonesia’s biggest pharmaceutical company, advanced 6.3 percent to 3,825 rupiah, a record close. The company reported yesterday first-quarter net income rose 28 percent from a year earlier to 403 billion rupiah.

PT Panin Sekuritas (PANS) , a brokerage, jumped 15 percent to a record 1,900 rupiah. The company said today first- quarter net income rose 79 percent from a year earlier to 72 billion 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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