Astra, Bank Tabungan, Pembangunan: 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 0.1 percent to 3,607.11.
PT Astra International (ASII IJ): The company’s motorcycle financing unit, PT Federal International Finance, plans to sell as much as 2 trillion rupiah ($229.7 million) of bonds to help fund its financing business, Federal said in a statement in Bisnis Indonesia. Astra, Indonesia’s largest automotive retailer, rose 1.9 percent to 57,900 rupiah.
PT Bank Tabungan Negara (BBTN IJ): The Indonesian mortgage lender plans to sell 2 trillion rupiah of bonds this year to help meet its loan expansion target of 25 percent to 30 percent, Investor Daily Indonesia reported, citing President Director Iqbal Latanro. Bank Tabungan slipped 0.6 percent to 1,550 rupiah.
PT Pembangunan Perumahan (PTPP IJ): The state construction company got two contracts valued at 1.75 trillion rupiah to build a power plan in Aceh province and another in Jambi province on Sumatra island, Investor Daily Indonesia reported, citing Corporate Secretary Betty Ariana. Pembangunan Perumahan declined 2.9 percent to 670 rupiah.
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