ABM Investama, Ciputra, Indocement: Indonesian Equity Preview
The Jakarta Composite index rose 0.5 percent to 4,181.07.
Energy companies: Crude futures fell for a fifth day, losing 1 percent to $97.01 a barrel in New York yesterday. The contracts last changed hands at $96.97 in after-hours trading. PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, dropped 1.2 percent to 2,125 rupiah. PT Energi Mega Persada (ENRG) , the second largest, rose 2.2 percent to 187 rupiah.
PT ABM Investama (ABMM) : The company’s PT Cipta Kridatama unit obtained a five-year, $209 million contract from PT Rinjani Kartanegara for works such as land clearing at Rinjani’s mining concession area in East Kalimantan province, ABM said. The stock rose 1.4 percent to 3,700 rupiah.
PT Ciputra Development (CTRA) : The property developer’s first-quarter net income more than doubled to 83.3 billion rupiah ($9 million) from 31.8 billion rupiah a year earlier. Revenue rose to 551.8 billion rupiah from 377.7 billion rupiah, it said. Ciputra advanced 2.7 percent to 750 rupiah.
PT Indocement Tunggal Prakarsa (INTP) : Indonesia’s second-largest cement maker will pay 30 percent of last year’s net income, or 1.07 trillion rupiah, as dividends on July 5, Investor Daily Indonesia reported, citing Director Nelson Borch. Indocement slid 0.5 percent to 18,450 rupiah.
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