Aneka Tambang, Mega, Holcim Indonesia: Indonesia Equity Preview
The Jakarta Composite index fell 0.8 percent to 3,963.61.
PT Aneka Tambang (ANTM) : Indonesia’s second-biggest nickel producer expects 2011 revenue may have risen to more than 10 trillion rupiah ($1.1 billion), compared with 8.74 trillion rupiah in 2010, as sales of ferronickel increased, Bisnis Indonesia reported, citing President Director Alwin Syah Lubis. Aneka fell 1.7 percent to 1,730 rupiah.
PT Bank Mega (MEGA) : The bank plans to sell subordinated debt of 1 trillion rupiah in the second half to boost capital, Bisnis Indonesia reported, citing President Director Johanes Bambang Kendarto. Bank Mega expects its capital adequacy ratio to increase to 17 percent from 12 percent in December 2011 after selling the debt, the report said. The stock jumped 17 percent to 3,500 rupiah when it last traded Oct. 7.
PT Holcim Indonesia (SMCB) : The nation’s third-largest cement producer received a $150 million export loan facility from BNP Paribas and KfW IPEX Bank to boost production capacity, Bisnis Indonesia reported, citing Relationship Management Director Rusli Setiawan. Holcim was unchanged at 2,300 rupiah.
To contact the reporter on this story: Berni Moestafa in Jakarta at firstname.lastname@example.org
To contact the editor responsible for this story: Richard Frost at email@example.com