Agung Podomoro, Astra, Matahari Putra: Indonesia Equity Preview
The Jakarta Composite index rose 1.3 percent to 3,961.90.
Energy companies: Crude oil futures rose to a one-month high, adding 2.3 percent to $100.91 a barrel in New York yesterday. Oil was last at $100.53.
PT Agung Podomoro (APLN) : The property developer plans to buy a 51 percent stake in a hotel on Bali island for 400 billion rupiah ($44 million), Investor Daily Indonesia reported, citing Indra Wijaya, a vice president director at the company. Agung Podomoro climbed 1.5 percent to 330 rupiah.
PT Astra International (ASII) : The company’s financing unit, PT Astra Sedaya Finance, plans to raise 5 trillion rupiah selling bonds on Feb. 15 to Feb. 16, the unit said in a prospectus published in Investor Daily Indonesia. Astra Sedaya will offer 750 billion rupiah of 6.6 percent one-year notes, 2 trillion rupiah of 8 percent three-year debt and 2.25 trillion rupiah of 8.6 percent five-year bonds, according to the prospectus. Astra, Indonesia’s biggest automotive retailer, advanced 3 percent to 73,350 rupiah.
PT Matahari Putra Prima (MPPA) : The company’s sales may rise as much as 35 percent this year supported by its hypermarket business expansion, Kontan reported, citing Corporate Communications Director Danny Kojongian. Matahari gained 1.1 percent to 930 rupiah.
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