Adaro Energy, Bank Central Asia, Vale: 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 rose 0.4 percent to 4,180.31.

Metal producers: Nickel futures rose 3.4 percent to $18,200 a metric ton in London yesterday, the most since March 30. Tin gained 1.8 percent to $22,310 a ton. PT Vale Indonesia (INCO) , the nation’s biggest nickel producer, fell 1.6 percent to 3,050 rupiah and PT Timah (TINS) , Indonesia’s largest tin producer, climbed 0.6 percent to 1,810 rupiah.

PT Adaro Energy (ADRO) : Indonesia’s second-largest coal producer said first-quarter net income rose 12 percent to $122 million. Revenue in the three-months to March 31 gained 21 percent to $916 million, Adaro said. The stock fell 0.6 percent to 1,810 rupiah.

PT Aneka Tambang (ANTM) : The nation’s second-biggest nickel producer is seeking $1.3 billion of loans to fund a smelter-grade alumina project in West Kalimantan province, Kontan reported, citing Djaja Tambunan, finance director at the company. Aneka was unchanged at 1,730 rupiah.

PT Bank Central Asia (BBCA) : Indonesia’s largest financial services company by market value said first quarter net income rose 14 percent to 2.3 trillion rupiah ($250 million) driven by increased loan demand. Lending grew 39 percent to 209.2 trillion rupiah supported by a “favorable economic environment,” the bank said in a statement. Bank Central Asia advanced 0.6 percent to 8,000 rupiah.

PT Bank Rakyat Indonesia (BBRI) : Indonesia’s second- biggest bank by assets said first-quarter net income rose to 4.2 trillion rupiah from 3.3 trillion rupiah a year earlier. Bank Rakyat gained 0.7 percent to 6,950 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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