Indika Energy, Semen Gresik, Timah: Indonesian Equity Preview
The Jakarta Composite index rose 0.1 percent to 3,984.87.
Metal producers: Nickel futures rose 2.1 percent to $17,100 a metric ton in London yesterday. Tin advanced 2.3 percent to $19,970 a ton. PT Vale Indonesia (INCO) , the nation’s biggest nickel producer, was unchanged at 2,500 rupiah. PT Timah (TINS) , the largest tin producer, fell 0.7 percent to 1,460 rupiah.
PT Indika Energy (INDY) : The coal producer got a $200 million loan from banks including UBS AG and Standard Chartered Bank Plc, Kontan reported, citing Dedy Happy Hardi, corporate secretary at Indika. The stock was unchanged at 1,930 rupiah.
PT Semen Gresik (SMGR) : Indonesia’s largest cement producer plans to build two plants in Java and Sumatra with annual capacities of 3 million tons each, it said in a statement published in Investor Daily. The plants’ total cost is estimated at 6.96 trillion rupiah ($743 million) and Semen Gresik will fund at least 30 percent of the investment with its own cash, it said. The stock climbed 0.4 percent to 11,350 rupiah.
To contact the reporter on this story: Berni Moestafa in Jakarta at email@example.com
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.