Indonesian Stock Movers: Perusahaan Gas, Global Mediacom, Garuda
The Jakarta Composite index gained 0.4 percent to 4,195.98.
PT Bank Internasional Indonesia (BNII) , a unit of Malayan Banking Bhd., Malaysia’s biggest bank by assets, rose 3.3 percent, the steepest increase since Feb. 16. Bank Internasional said first-quarter net income rose to 267 billion rupiah from 150 billion rupiah a year ago. Consolidated lending increased 23 percent to 69.8 trillion rupiah, the company said in an e-mailed statement yesterday.
PT Global Mediacom (BMTR) , Indonesia’s biggest media company, rose 1.2 percent to 1,680 rupiah. Global Mediacom may spend 1.7 trillion rupiah to buy back 10 percent of its shares, the Jakarta Post reported, citing President Director Hary Tanoesoedibjo. The company would phase in any buyback over 18 months, the report said. Tanoesoedibjo couldn’t be reached when called at his office.
PT Garuda Indonesia (GIAA) , the nation’s largest listed carrier, dropped 1.5 percent to 660 rupiah after posting a first-quarter loss of $10.7 million compared with a loss of $19.1 million in the same period a year earlier. Sales in the first quarter rose 23 percent to $717.4 million from a year ago, the company said in a statement to the stock exchange yesterday.
PT Gudang Garam (GGRM) , Indonesia’s second-biggest listed cigarette producer, gained 0.8 percent to 59,700 rupiah. Gudang Garam said net income in the first three months rose to 1.2 trillion rupiah from 1.1 trillion rupiah a year earlier. Sales for period rise to 11.5 trillion rupiah from 9.5 trillion rupiah a year ago, according to a statement filed to the stock exchange yesterday.
PT Perusahaan Gas Negara (PGAS) , Indonesia’s biggest gas distributor, rose 8.2 percent to 3,625 rupiah as the company said first-quarter net income gained to $275.9 million from $242.2 million a year earlier. Sales rose to $582.1 million from $534.6 million a year ago, the company said in an e-mailed statement.
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