Bank Tabungan, Global Mediacom, Timah: 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 4,180.73. The gauge advanced 1.4 percent this month, its fifth month of gains. That’s the longest stretch of monthly gains since July 2011.

PT Bank Tabungan Negara (BBTN IJ): The state-owned lender plans to offer 2 trillion rupiah of bonds with tenors of 10 years, the company said in a statement published today in Bisnis Indonesia. The proceeds will be used to provide loans and the bonds are part of a planned 4 trillion rupiah debt sale, the company said. Bank Tabungan was unchanged at 1,380 rupiah.

PT Bank Internasional Indonesia (BNII) : The unit of Malaysia’s biggest bank by assets said first-quarter net income rose to 267 billion rupiah from 150 billion rupiah a year ago. Consolidated lending increased 23 percent to 69.8 trillion rupiah, the company said in an e-mailed statement yesterday. Bank Internasional was unchanged at 460 rupiah.

PT Global Mediacom (BMTR) : Indonesia’s biggest media company may spend 1.7 trillion rupiah to buy back 10 percent of its shares, Jakarta Post reported, citing President Director Hary Tanoesoedibjo. Global Mediacom will phase in buyback over 18 months, the newspaper said. Global Mediacom slid 0.60 percent to 1,660 rupiah.

PT Garuda Indonesia (GIAA) : The nation’s largest listed carrier, posted a first-quarter loss of $10.7 million compared with a loss of $19.1 million in the same period a year earlier, the company said in a statement to the stock exchange yesterday. Sales in the first quarter rose 23 percent to $717.4 million from a year ago. Garuda fell 5.6 percent to 670 rupiah.

PT Gudang Garam (GGRM) : Indonesia’s second-biggest listed cigarette producer said net income in the first three months rose to 1.2 trillion rupiah from 1.1 trillion rupiah a year earlier. Sales for period rise to 11.5 trillion rupiah from 9.5 trillion rupiah a year ago, according to statement filed to the stock exchange yesterday. Gudang Garam rose 2.9 percent to 59,200 rupiah.

PT Indocement Tunggal Prakarsa (INTP) : Indonesia’s second-largest cement maker said its first-quarter net income rose to 1 trillion rupiah from 865 billion rupiah a year earlier, the company said in a statement to the stock exchange yesterday. Indocement’s revenue in the period advanced to 3.8 trillion rupiah from 2.9 trillion rupiah. Indocement declined 0.8 percent to 18,050 rupiah.

PT Perusahaan Gas Negara (PGAS) : Indonesia’s biggest gas distributor said first-quarter net income gained to $275.9 million from $242.2 million a year earlier. Sales rose to $582.1 million from $534.6 million a year ago, the company said in an e-mailed statement. The stock declined 0.7 percent to 3,350 rupiah.

PT Timah (TINS) : Indonesia’s biggest tin mining company said first-quarter net income fell to 207.7 billion rupiah from 354.7 billion rupiah a year ago. Sales declined to 2.17 trillion rupiah from 2.25 trillion rupiah a year earlier, the company said in e-mailed statement. Timah rose 1.1 percent to 1,820 rupiah.

To contact the reporter on this story: Femi Adi in Jakarta at fadi1@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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