Delta Dunia, Inovisi Infracom, Tjiwi: Indonesia Equity Preview
The following stocks may have unusual price changes in Indonesian trading. Stock symbols are in parentheses, and share prices are as of the last close.
The Jakarta Composite index rose 0.3 percent to 3,581.57.
PT Delta Dunia Makmur (DOID IJ): TPG Capital and Government of Singapore Investment Corp. have invested in the Delta Dunia, which owns Indonesia’s second-biggest coal mining contractor. David Bonderman’s TPG and GIC, which manages Singapore’s reserves, bought non-voting shares in Northstar Tambang Persada Ltd., an investment vehicle which owns 40 percent of Delta Dunia, according to a stock exchange filing. Delta Dunia advanced 2.4 percent to 1,300 rupiah.
PT Inovisi Infracom (INVS IJ), an Indonesian telecommunications infrastructure company, seeks 2011 revenue of 306 billion rupiah an increase of 30 percent from this year, Bisnis Indonesia reported, citing Corporate Secretary Benita Sofia. Net income may be 46.1 billion rupiah, the report said. Inovisi rose 2.6 percent to 6,000 rupiah.
PT Pabrik Kertas Tjiwi Kimia (TKIM IJ): Parent company Sinar Mas Group will export $100 million of paper products to South Korea as a result of an anti-dumping tax being lifted in October, Bisnis Indonesia reported, citing Sinar Mas Group Managing Director Gandhi Sulistyanto. Tjiwi Kimiar, the pulp and paper unit of Sinar Mas, climbed 0.8 percent to 3,025 rupiah.
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