Berau Coal, Jasa Marga, Pembangunan: Indonesia Equity Preview
The Jakarta Composite index fell 0.9 percent to 3,861.02.
Energy companies: Crude oil futures fell for the first time in eight days, losing 1.1 percent to $108.56 a barrel in New York yesterday. Oil was last at $107.95 a barrel.
PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, rose 1.1 percent to 2,275 rupiah and PT Energi Mega Persada (ENRG) , the second largest, retreated 1 percent to 191 rupiah.
PT Astra International (ASII) : Indonesia’s largest automotive retailer said 2011 net income rose 24 percent from a year earlier to 17.79 trillion rupiah ($1.9 billion). That compares with the median estimate of 17.43 trillion rupiah in a Bloomberg News survey of 20 analysts. The company will propose a 10-for-1 stock split at its shareholders meeting in April or May, it also said. Astra rose 0.7 percent to 68,700 rupiah.
PT Berau Coal Energy (BRAU) : The coal producer will increase its capital expenditure to $691 million until 2014 from the current target of as much as $475 million, Investor Daily Indonesia reported, citing President Director Rosan Perkasa Roeslani. Berau slid 1 percent to 475 rupiah.
PT Jasa Marga (JSMR) : Indonesia’s largest toll-road operator plans to expand into property development after March by investing in a joint venture with state-owned construction company PT Pembangunan Perumahan (PTPP) , the Jakarta Post reported, citing Jasa Marga President Director Adityawarman. Jasa Marga was unchanged at 4,650 rupiah and PT Pembangunan Perumahan declined 1.6 percent to 620 rupiah.
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