AKR, United Tractors, Wijaya Karya: Indonesia Equity Preview
The Jakarta Composite index rose 1.3 percent to 3,857.88.
Energy companies: Crude oil futures jumped 4.2 percent to $102.96 a barrel in New York yesterday, the highest level in seven months. Oil was last at $102.79 a barrel.
PT Medco Energi Internasional (MEDC) , Indonesia’s biggest listed oil company, was unchanged at 2,400 rupiah and PT Energi Mega Persada (ENRG) , the second largest, advanced 5.9 percent to 198 rupiah.
PT AKR Corporindo (AKRA) : The fuel and chemical distributor has set aside $100 million to acquire coal mines this year with potential targets located in Central and East Kalimantan provinces, Kontan reported, citing President Director Haryanto Adikoesoemo. AKR rose 1.7 percent to 3,075 rupiah.
PT Trikomsel Oke (TRIO) (TRIO IJ): The mobile-phone retailer plans to acquire PT Cipta Multi Usaha Perkasa, which operates 340 mobile-phone outlets under the brand Global Teleshop, Kontan reported, citing Trikomsel President Director Sugiono Wiyono. Trikomsel slid 2.3 percent to 870 rupiah.
PT United Tractors (UNTR) : Indonesia’s biggest heavy equipment seller expects its 2012 heavy equipment sales to rise 10 percent from a year earlier supported by demand from the mining industry, Kontan reported, citing Corporate Secretary Sara Loebis. United Tractors rose 1.5 percent to 26,400 rupiah.
PT Wijaya Karya (WIKA) : The state-owned construction company expects 2012 net income to rise 23 percent from a year earlier to 430 billion rupiah ($47 million), bolstered by infrastructure projects from the government, Bisnis Indonesia reported, citing Finance Director Ganda Kusuma. Wijaya Karya was unchanged at 610 rupiah.
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