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Adaro, Aneka Tambang, BW Plantation: Indonesia Equity Preview

Jan. 16 (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 0.7 percent to 3,935.33.

Coal producers: Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, rose 1.7 percent to $116.19 a metric ton in the week ended Jan. 13, according to the globalCOAL NEWC Index.

PT Bumi Resources (BUMI IJ), Asia’s largest power-station coal exporter, advanced 2 percent to 2,525 rupiah and PT Adaro Energy (ADRO IJ), Indonesia’s second-biggest coal producer, was unchanged at 1,810 rupiah.

Nickel producers: Nickel for three-month delivery dropped 1 percent to $19,400 a metric ton in after-hours trading in London, sliding for a second day. PT International Nickel Indonesia (INCO IJ), the nation’s biggest producer of the metal, was unchanged at 3,375 rupiah and PT Aneka Tambang (ANTM IJ), the second largest, rose 1.2 percent to 1,720 rupiah.

PT BW Plantation (BWPT IJ): The palm oil producer may spend 220 billion rupiah ($23.8 million) to build two crude palm oil factories in East Kalimantan province in 2012 and 2013, Investor Daily Indonesia reported, citing Corporate Secretary Kelik Irwantono. BW Plantation gained 2.5 percent to 1,230 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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