Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Elnusa, Indofood Sukses, Smartfren: Indonesia Equity Preview

Jan. 24 (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 fell 0.4 percent to 3,986.52. The market was closed yesterday for a public holiday.

Energy companies: Crude oil futures rose for the first time in four days, adding 1.3 percent to $99.58 a barrel in New York yesterday. Oil was last at $99.59 a barrel. PT Medco Energi Internasional (MEDC IJ), Indonesia’s biggest listed oil company, was unchanged at 2,500 rupiah and PT Elnusa (ELSA IJ), an oil services provider, declined 2 percent to 240 rupiah.

PT Energi Mega Persada (ENRG IJ): Indonesia’s second-largest listed oil company denied a Kontan report on Jan. 20 that it may refinance its $200 million of debt at Credit Suisse Group. The company will pay the debt which is due November 2013 using its own funds, President Director Imam Agustino said. Energi Mega fell 2.4 percent to 200 rupiah.

PT Indofood Sukses Makmur (INDF IJ): The parent of the nation’s biggest instant-noodle maker plans to sell 2 trillion rupiah ($223 million) of bonds to refinance debt, Investor Daily Indonesia reported, citing Corporate Secretary Werianty Setiawan. Indofood fell 1.6 percent to 4,775 rupiah.

PT Smartfren Telecom (FREN IJ): The mobile-phone operator expects revenue to double this year to 2 trillion rupiah from a target of 1 trillion rupiah for 2011, Bisnis Indonesia reported, citing Finance Director Antony Susilo. Smartfren was unchanged at 50 rupiah.

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

To contact the editor responsible for this story: Richard Frost at rfrost4@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.