Citra Marga, Medco Energi, Verena Oto: Indonesia Equity Preview
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 (JCI) fell 1.3 percent to 3,542.23.
Energy companies: Crude oil fell to the lowest level in two weeks, falling as much as 2 percent to $99.18 a barrel in after- hours trading in New York as of 8:01 a.m. Jakarta time.
PT Medco Energi Internasional (MEDC IJ), Indonesia’s biggest listed oil company, was unchanged at 2,925 rupiah and PT Energi Mega Persada (ENRG IJ), the second largest, jumped 5 percent to 125 rupiah.
PT Citra Marga Nusaphala Persada (CMNP IJ): The toll-road operator is targeting net income of 313.5 billion rupiah ($35.9 million) this year from 285 billion rupiah last year, Bisnis Indonesia reported, citing Finance Director Indrawan Sumantri. Citra Marga declined 2.5 percent to 1,180 rupiah.
PT Verena Oto Finance (VRNA IJ): The Indonesian financing company will offer 500 billion rupiah of bonds March 14 to March 15, it said in a prospectus published in Investor Daily Indonesia today. The bonds will have tenors of 370 days, two years and three years, according to the prospectus. Verena slid 0.8 percent to 122 rupiah.
To contact the reporter on this story: Berni Moestafa in Jakarta at email@example.com
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org