June 7 (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 3.3 percent to 3,841.33.
PT ABM Investama (ABMM IJ): The company’s unit PT Reswara Minergi Hartama obtained a contract to supply 500,000 tons of coal to Huaneng Trading Co., Bisnis Indonesia reported, citing Harry Asmar, President Director at Reswara Minergi. ABM Investama, a coal mining and services company, was unchanged at 3,400 rupiah.
PT Bank Mandiri (BMRI IJ): The company’s brokerage unit, PT Mandiri Sekuritas, obtained approval from the Monetary Authority of Singapore to open a new branch in Singapore that is expected to start operating in the second half of this year, Bisnis Indonesia reported, citing Febriati Nadira, Executive Vice President Corporate Communications at Mandiri Sekuritas. Bank Mandiri, Indonesia’s largest lender by assets, rose 3.8 percent to 6,900 rupiah.
PT Bakrie Telecom (BTEL IJ): The mobile-phone operator plans to repay 650 billion rupiah ($69 million) of bonds in early July or August, Kontan reported, citing President Director Anindya Bakrie. The debt is due in September, the report said. The company may seek about 500 billion rupiah of loans to help refinance the debt and to raise working capital, the report said. Bakrie Telecom was unchanged at 240 rupiah.
PT Mitra Adiperkasa (MAPI IJ): The retailer, which runs Starbucks Corp. outlets and Sogo department stores, may sell at least 300 billion rupiah of bonds in November to refinance debt, Investor Daily Indonesia reported, citing Corporate Secretary Fetty Kwartati. The company plans to spend 600 billion rupiah on capital expenditures to add 300 stores this year, the report said. Mitra advanced 3.7 percent to 7,000 rupiah.
PT Supra Boga Lestari (RANC IJ): The food retailer will start trading today after raising 156.45 billion rupiah in an initial public offering to fund store expansion, repay debt and to raise working capital.
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