Astra, Bumi Resources, Matahari Putra: Indonesia Equity Preview

The following stocks may have unusual price changes in Indonesian trading. Stock symbols are in parentheses, and share prices are as of the last close.

The Jakarta Composite Index gained 2.1 percent to 3,694.58.

PT Astra International (ASII IJ): Indonesia’s biggest automotive retailer has obtained a 1.5 trillion rupiah ($166 million) and $200 million 3-year loan from 22 banks, Bisnis Indonesia reported, citing Corporate Secretary Aminuddin. Astra added 3.1 percent to 54,050 rupiah.

PT Bumi Resources (BUMI IJ): The Indonesian government and PT Newmont Nusa Tenggara, a unit of Newmont Mining Corp., agreed to value a 7 percent Nusa stake that the U.S. company is required to sell this year at $271.6 million, Investor Daily Indonesia reported, citing Bambang Setiawan, director general of minerals and coal at the energy Ministry. A venture of Bumi is interested in buying the stake, Bumi said Oct. 8. Bumi, the nation’s biggest coal producer, rose 5.3 percent to 3,000 rupiah.

PT Matahari Putra Prima (MPPA IJ): Indonesia’s second-biggest hypermarket operator by stores said four companies including South Korea’s biggest retailer are interested in acquiring a controlling stake. The company also plans to pay an interim dividend of 1 trillion rupiah Jan. 10, it said. Matahari rose 7.5 percent to 1,580 rupiah.

PT Timah (TINS IJ): Tin for three-month delivery advanced 3 percent to $25,550 a metric ton in London yesterday, the biggest gain since Oct. 20. Timah, Indonesia’s largest producer of the metal, climbed 1.8 percent to 2,775 rupiah.

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