Agis, Bank Panin, Benakat Petroleum: 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 slid 0.3 percent to 3,611.53 on Dec. 23. The market was closed Dec. 24 for a public holiday.
Energy companies: Crude oil fell from more than a two-year high in New York as China raised lending rates to cool economic growth in the world’s biggest energy user. Oil for February delivery fell 0.4 percent to $91.19 a barrel in after-hours trading as of 8:44 a.m. Jakarta time.
PT Agis (TMPI IJ): The Indonesian electronic retailer will allocate $150 million to finance expansion next year, including acquiring three gold mines on Sumatra island, Investor Daily Indonesia reported, citing President Director Steven Kesuma. Agis rose 4.7 percent to 135 rupiah.
PT Bank Pan Indonesia (PNBN IJ): The Indonesian lender said 2010 net income may reach about 1.5 trillion rupiah while loan growth this year may reach 30 percent to 32 percent. The stock slipped 0.9 percent to 1,070 rupiah.
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