Astra, Bukit Asam, Mandiri, Indofarma: Indonesian Equity Preview
The Jakarta Composite index fell 0.2 percent to 4,163.64.
PT Astra International (ASII) : Indonesia’s largest automotive retailer said first-quarter net income rose 8 percent from a year earlier to 4.65 trillion rupiah ($505 million). Astra slipped 0.7 percent to 70,900 rupiah.
PT Bank CIMB Niaga (BNGA) : The unit of Malaysia’s CIMB Group Holdings Bhd. said first-quarter net income rose to 936.5 billion rupiah from 727.5 billion rupiah a year earlier. Bank CIMB Niaga fell 1.6 percent to 1,220 rupiah.
PT Bank Mandiri (BMRI) : the nation’s largest bank by assets said first-quarter profit fell 11 percent from a year earlier to 3.4 trillion rupiah in the absence of a one-time gain from selling a stake in PT Garuda Indonesia (GIAA IJ) last year. Net interest income, or revenue from borrowers after deducting interest paid to depositors, rose 21 percent to 6 trillion rupiah, it said. Mandiri slid 0.7 percent to 7,000 rupiah.
PT Indofarma (INAF) : The state-owned drugmaker plans to sell 300 billion rupiah of five-year bonds in the third quarter to refinance debt and fund expansion, the Jakarta Globe reported, citing John Guntar Sebayang, finance director at the Indonesian drugmaker. Indofarma rose 4.9 percent to 215 rupiah.
PT Tambang Batubara Bukit Asam (PTBA) : The state-owned coal producer said first-quarter net income advanced 14 percent to 867 billion rupiah from 760 billion rupiah a year earlier. Bukit Asam fell 0.8 percent to 18,550 rupiah.
To contact the reporter on this story: Berni Moestafa in Jakarta at firstname.lastname@example.org
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