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Alam Sutera Realty, Bakrie & Brothers: Indonesia Equity Preview

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Dec. 19 (Bloomberg) -- 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 1.8 percent to 3,768.35.

Coal producers: Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, fell 1.1 percent to $110.28 a metric ton in the week ended Dec. 16.

PT Bumi Resources (BUMI IJ), Asia’s largest exporter of power-station coal, was unchanged at 2,250 rupiah and PT Adaro Energy (ADRO IJ), Indonesia’s second-largest coal producer, rose 1.1 percent to 1,840 rupiah.

PT Alam Sutera Realty (ASRI IJ): The property developer plans to invest 3 trillion rupiah ($330 million) in 2012 to boost business expansion, Investor Daily Indonesia reported citing, President Director Tri Ramadi. The company may sell $200 million of global bonds to help finance its business next year, the report said. Alam Sutera advanced 2.2 percent to 460 rupiah.

PT Bakrie & Brothers (BNBR IJ): The investment company may sell 1 trillion rupiah of bonds in the first quarter of next year to refinance debt, Finance Director Eddy Soeparno said. Bakrie expects revenue to rise as much as 25 percent next year, Soeparno also said. The stock was unchanged at 51 rupiah.

To contact the reporter on this story: Berni Moestafa in Jakarta at bmoestafa@bloomberg.net

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

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