Aneka Tambang, Delta Dunia, Surya Esa: Indonesia Equity Preview

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 3,941.69.

PT Aneka Tambang (ANTM IJ): The state-owned nickel and gold producer appointed PT Bank Mandiri, PT Bank Rakyat Indonesia, Standard Chartered Bank Plc and Sumitomo Mitsui Banking Corp. as lead arrangers to help raise as much as $650 million in loans for its East Halmahera ferronickel project, Kontan reported, citing President Director Alwin Syah Loebis. Aneka advanced 1.1 percent to 1,880 rupiah.

PT Bumi Resources (BUMI IJ): Indonesia’s largest coal producer expects 2011 revenue to have risen to $5.85 billion from $4.36 billion a year earlier following a 10 percent increase in production and a 29 percent jump in last year’s average coal-selling price, Kontan reported, citing Director Dileep Srivastava. Bumi climbed 1 percent to 2,550 rupiah.

PT Delta Dunia Makmur (DOID IJ): The coal-mining contractor plans to buy a coal mine with reserves of 20 million tons to 50 million tons and it will use proceeds from a 1.22 trillion rupiah ($135 million) rights offer last year to fund the purchase, Investor Daily Indonesia reported, citing Corporate Secretary Andre Soelistyo. Delta Dunia dropped 1.5 percent to 660 rupiah.

PT Perusahaan Gas Negara (PGAS IJ): Net income at the nation’s biggest gas distributor fell last year to about 6 trillion rupiah from 6.24 trillion rupiah in 2010 because of foreign-exchange losses and a drop in gas sales volume, Kontan reported, citing Corporate Secretary Heri Yusup. Gas Negara slid 0.7 percent to 3,375 rupiah.

PT Surya Esa Perkasa (ESSA IJ): The producer of liquefied petroleum gas will start trading today after raising 152.5 billion rupiah in an initial public offering last week to develop its refinery and to repay debt.

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