Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bank Tabungan, Danamon, Semen Gresik: Indonesian Equity Preview

May 29 (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 0.4 percent to 3,918.69.

Banks: Bank Indonesia’s plan to impose bank ownership caps will hurt the nation’s ability to tap regional banking funds to build infrastructure and may fragment the industry, the Straits Times reported, citing Piyush Gupta, chief executive officer of DBS Group Holdings Ltd., which plans to acquire PT Bank Danamon Indonesia (BDMN IJ). Danamon gained 1.9 percent to 5,300 rupiah and PT Bank Central Asia (BBCA IJ), Indonesia’s biggest bank by market value, was unchanged at 7,250 rupiah.

PT Bank Tabungan Negara (BBTN IJ): The lender plans to sell 2 trillion rupiah ($211 million) of 10-year bonds on May 30 and May 31, according to a statement published in Investor Daily Indonesia today. Proceeds from the sale will be used to fund lending. Bank Tabungan rose 0.8 percent to 1,250 rupiah.

PT Semen Gresik (SMGR IJ): Indonesia’s biggest cement maker expects revenue to rise 14 percent this year from 16.4 trillion rupiah in 2011, Bisnis Indonesia reported, citing Finance Director Ahyanizzaman. Production may increase to 24 million tons this year from 20 million tons last year, the report said. Semen Gresik gained 0.5 percent to 11,000 rupiah.

To contact the reporter on this story: Berni Moestafa in Jakarta at

To contact the editor responsible for this story: Darren Boey at

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.