Adaro Energy, Bank Central Asia, Vale: Indonesia Equity Preview
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.
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