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

Indonesian Stock Movers: Indo Tambangraya, Tiga Pilar, Timah

April 18 (Bloomberg) -- Shares of the following companies had unusual moves in Indonesian trading. Stock symbols are in parentheses and prices are as of the close in Jakarta.

The Jakarta Composite Index rose for a second day, gaining 0.2 percent to 4,166.24.

Coal producers: PT Indo Tambangraya Megah (ITMG IJ), a unit of Banpu Pcl, Thailand’s largest coal producer, rose 2.1 percent to 41,900 rupiah. PT Indika Energy (INDY IJ), which owns Indonesia’s third-biggest coal producer, rose 2.1 percent to 2,450 rupiah, the largest advance since March 21. Indonesia doesn’t plan to impose duty on coal exports, Thamrin Sihite, director general of minerals and coal at the Energy and Mineral Resources Ministry, said.

PT Tiga Pilar Sejahtera Food (AISA IJ), a noodle maker, jumped 8.3 percent to 650 rupiah, the highest close since Sept. 21. The company expects sales to rise 88 percent this year to 3.3 trillion rupiah ($360 million) and net income to increase to 212 billion rupiah led by revenue from its food and rice businesses, Kontan reported, citing Sjambiri Lioe, finance director at the company. Lioe couldn’t be reached when called at his office.

PT Timah (TINS IJ), Indonesia’s largest tin producer, rose 1.7 percent to 1,750 rupiah, the biggest gain since March 27. The company said today it obtained a 3 trillion-rupiah loan commitment from overseas and local banks, mainly to boost its offshore tin-mining operations.

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

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.