Indonesia Infrastructure Stocks Set to Jump, Nomura Says
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Indonesian infrastructure stocks are poised to advance as an $18 billion government spending plan boosts the outlook for shares in Southeast Asia’s largest economy, Nomura Holdings Inc. says.
Companies including PT Jasa Marga, Indonesia’s largest toll-road operator, PT Semen Gresik, the biggest cement producer, and PT Perusahaan Gas Negara, the No. 1 gas distributor, may help drive a 15 percent gain in the benchmark Jakarta Composite Index in 2012, Wilianto Ie, Nomura’s head of equity research for Indonesia, said yesterday.