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Indika Energy, Semen Gresik, Timah: Indonesian Equity Preview

May 25 (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 0.1 percent to 3,984.87.

Metal producers: Nickel futures rose 2.1 percent to $17,100 a metric ton in London yesterday. Tin advanced 2.3 percent to $19,970 a ton. PT Vale Indonesia (INCO IJ), the nation’s biggest nickel producer, was unchanged at 2,500 rupiah. PT Timah (TINS IJ), the largest tin producer, fell 0.7 percent to 1,460 rupiah.

PT Indika Energy (INDY IJ): The coal producer got a $200 million loan from banks including UBS AG and Standard Chartered Bank Plc, Kontan reported, citing Dedy Happy Hardi, corporate secretary at Indika. The stock was unchanged at 1,930 rupiah.

PT Semen Gresik (SMGR IJ): Indonesia’s largest cement producer plans to build two plants in Java and Sumatra with annual capacities of 3 million tons each, it said in a statement published in Investor Daily. The plants’ total cost is estimated at 6.96 trillion rupiah ($743 million) and Semen Gresik will fund at least 30 percent of the investment with its own cash, it said. The stock climbed 0.4 percent to 11,350 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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