Astra, Jasa Marga, Medco, Pembangunan: Indonesia Equity Preview
The Jakarta Composite index slid 0.4 percent to 4,039.98.
PT Astra International (ASII) : Indonesia’s February domestic vehicle sales rose to 86,407 units from 76,365 units a month earlier, the company said, citing data from the nation’s automotive industries association. Astra, Indonesia’s biggest automotive retailer, was unchanged at 73,050 rupiah.
PT Pembangunan Perumahan (PTPP) : The state construction company may sell about 1 trillion rupiah ($108.9 million) of bonds and medium-term notes, Bisnis Indonesia reported. The company plans to sell as much as 800 billion rupiah of bonds for capital expenditure and to boost its power plant business, the report said, citing Finance Director Tumiyana. Pembangunan fell 1.6 percent to 630 rupiah.
PT Jasa Marga (JSMR) : Indonesia’s largest highway operator will get a 1.7 trillion-rupiah syndicated loan from PT Bank Mandiri (BMRI IJ), PT Bank Rakyat Indonesia (BBRI IJ), PT Bank Negara Indonesia (BBNI IJ) and PT Bank Central Asia (BBCA IJ) to build a toll road in Bali, Bisnis Indonesia reported, citing Jasa Marga Finance Director Reynaldi Hermansjah. Jasa Marga climbed 0.5 percent to 4,850 rupiah.
Mandiri, Indonesia’s largest bank by assets, retreated 0.7 percent to 6,800 rupiah. Bank Rakyat, the second largest, was unchanged at 6,800 rupiah, Bank Central Asia, the biggest by market value, slid 0.6 percent to 7,800 rupiah and Bank Negara Indonesia, the third-largest state-owned bank, fell 0.7 percent to 3,775 rupiah.
PT Medco Energi Internasional (MEDC) : Medco said its unit, PT Medco Energi CBM Indonesia, and Korea Gas Corp. signed a memorandum of understanding to “identify and study” best options to implement coal-bed methane projects in Indonesia. Medco fell 3.4 percent to 2,150 rupiah.
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