The Jakarta Composite index slid 0.74 point, or less than 0.1 percent, to 3,840.60.
Energy companies: Crude oil futures dropped as much as 2.5 percent to $82.71 a barrel in after-hours trading in New York, extending a loss for a second day. PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, was unchanged at 1,760 rupiah and PT Energi Mega Persada (ENRG) , the second largest, fell 3.5 percent to 140 rupiah.
Palm oil producers: Palm oil may drop 9 percent to the lowest level in 20 months as a slowdown in China and Europe cuts demand, said Dorab Mistry, director at Godrej International Ltd. Futures may slump to as low as 2,700 ringgit ($849) a metric ton from 2,974 ringgit in the absence of fresh stimulus by the U.S. to revive growth, said Mistry, abandoning his forecast for prices to reach 4,000 ringgit.
PT Bentoel Internasional Investama (RMBA) : The cigarette maker plans to refinance 1.35 trillion rupiah ($143 million) of debt due in November and is reviewing options for bank loans or bond rollover, Bisnis Indonesia reported, citing Director Andre Joubert. Bentoel rose 1.7 percent to 600 rupiah.
PT Panorama Sentrawisata (PANR) : The travel services provider plans to sell 500 billion rupiah of bonds to refinance debt and expand its business, Investor Daily Indonesia reported, citing President Director Budijanto Tirtawisata. The company expects revenue to increase as much as 20 percent to 2.4 trillion rupiah this year while net income may rise 20 percent to 26.8 billion rupiah, the report said. Panorama fell 2.5 percent to 192 rupiah.
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