Indonesian Stocks: Astra Agro Lestari, Kalbe, Panin Sekuritas
The Jakarta Composite Index (JCI) lost 0.2 percent to 4,163.64.
PT Astra Agro Lestari (AALI) , Indonesia’s biggest listed plantation company by market value, fell 1.4 percent to 21,900 rupiah, the lowest close since March 27. First-quarter net income declined 42 percent from a year earlier to 377.9 billion rupiah ($41.1 million), the company said yesterday. Astra Agro’s “unexciting earnings growth will persist,” PT Kim Eng Securities wrote in a note today.
PT Kalbe Farma (KLBF) , Indonesia’s biggest pharmaceutical company, advanced 6.3 percent to 3,825 rupiah, a record close. The company reported yesterday first-quarter net income rose 28 percent from a year earlier to 403 billion rupiah.
PT Panin Sekuritas (PANS) , a brokerage, jumped 15 percent to a record 1,900 rupiah. The company said today first- quarter net income rose 79 percent from a year earlier to 72 billion rupiah.
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