Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

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

Adaro, Wijaya Karya, United Tractors: Indonesian Equity Preview

July 3 (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 0.9 percent to 3,991.54.

Coal producers: Thermal coal at the Australian port of Newcastle rose 4.4 percent to $86.75 a metric ton in the week ended June 29, the first gain in 12 weeks, according to IHS McCloskey, a Petersfield, U.K.-based provider of coal data.

PT Bumi Resources (BUMI IJ), Asia’s largest thermal coal exporter, gained 4.5 percent to 1,160 rupiah and PT Adaro Energy (ADRO IJ), Indonesia’s second-biggest coal producer, jumped 7.6 percent to 1,560 rupiah.

PT United Tractors (UNTR IJ): Indonesia’s largest heavy equipment seller cut its sales target to 8,500 units this year from its initial estimate of 9,500 units as a downtrend in coal prices may reduce demand from mining companies, Investor Daily Indonesia reported, citing Corporate Secretary Sara K. Loebis. The company sold 8,467 units of Komatsu heavy equipment last year, the report said. United Tractors advanced 2.3 percent to 21,850 rupiah.

PT Wijaya Karya (WIKA IJ): The builder got 566 billion rupiah ($60 million) of toll-road construction contracts for projects in East Java and West Java provinces, Investor Daily Indonesia reported, citing Corporate Secretary Natal Argawan Pardede. Wijaya Karya fell 1 percent to 1,040 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

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.