Adaro Energi, Indofood, Indomobil: Indonesian Equity Preview
The Jakarta Composite Index (JCI) fell 0.4 percent to 4,163.98 on April 27.
PT Adaro Energy (ADRO) : Indonesia’s second-largest coal producer said first-quarter production rose 3.4 percent to 10.96 million metric tons, from 10.6 million tons in the same period last year. Adaro remains on track to reach its 2012 full-year output target of 50 million to 53 million tons, it said in a statement. Adaro was unchanged at 1,810 rupiah.
PT Energi Mega Persada (ENRG) : Indonesia’s second- largest listed oil company plans to sell $600 million of five- year notes to refinance debt, it said in a statement published in Investor Daily Indonesia today. Energi Mega slid 0.5 percent to 189 rupiah.
PT Indofood Sukses Makmur (INDF) : The owner of the nation’s biggest instant-noodle maker said first-quarter net income rose to 815 billion rupiah ($89 million), from 735 billion rupiah a year earlier. Indofood fell 1.6 percent to 4,700 rupiah.
PT Indomobil Sukses Internasional (IMAS) : The automotive retailer may spend 1 trillion rupiah on capital expenditure this year as the company plans to open 20 Nissan Motor Co. showrooms, six Hino Motors Ltd. outlets and as many as 10 dealerships for heavy-duty vehicles, Bisnis Indonesia reported, citing President Director Jusak Kertowidjojo. Indomobil fell 2.5 percent to 17,300 rupiah.
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