Bank Bukopin, Bumi, Indika, Nusantara: Indonesia Equity Preview
The Jakarta Composite index slid 0.95 point, or less than 0.1 percent, to 4,015.95.
Energy companies: Crude futures in New York rose for the first time in six days on Feb. 3, gaining 1.5 percent to $97.84 a barrel. Oil was last at $97.55 in electronic trading. PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, was unchanged at 2,275 rupiah and PT Energi Mega Persada (ENRG) , the second largest, slipped 0.5 percent to 197 rupiah.
PT Bank Bukopin (BBKP) : The Indonesian lender plans to sell 1 trillion rupiah ($111.5 million) of subordinated debt next month to fund loan expansion, Bukopin said in a statement published in Bisnis Indonesia. The sale is part of the bank’s plan to sell a total of 2 trillion rupiah of subordinated debt, it said. Bukopin climbed 1.5 percent to 670 rupiah.
PT Bumi Resources (BUMI) : Bumi Plc (BUMI), the coal producer listed in London by Nathaniel Rothschild, said shareholder Borneo Bumi Energi & Metal Ltd. called a meeting as it seeks to remove Rothschild and Chief Executive Officer Ari Hudaya. Bumi Resources, in which Bumi Plc owns a stake, was unchanged at 2,600 rupiah.
PT Indika Energy (INDY) : The coal producer raised 1.04 trillion rupiah selling 28.99 million shares of PT Petrosea (PTRO) to the public at 36,000 rupiah apiece, Bisnis Indonesia reported, citing Wishnu Wardhana, a director at Indika. Indika fell 4.9 percent to 2,450 rupiah. Petrosea, a service provider to the oil, gas and mining industries, jumped 13 percent to 45,000 rupiah when it last traded on Feb. 1.
PT Nusantara Infrastructure (META) : The company’s unaudited 2011 revenue rose 24 percent from a year earlier to 232 billion rupiah bolstered by higher toll-road tariffs and increased traffic volume on its highways, Bisnis Indonesia reported, citing Bernardus Djonoputro, managing director at the company. Nusantara Infrastructure was unchanged at 280 rupiah.
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