Adaro, Wijaya Karya, United Tractors: Indonesian Equity Preview
The Jakarta Composite index rose 0.9 percent to 3,991.54.
Coal producers: Thermal coal at the Australian port of Newcastle rose 4.4 percent to $86.75 a metric ton in the week ended June 29, the first gain in 12 weeks, according to IHS McCloskey, a Petersfield, U.K.-based provider of coal data.
PT Bumi Resources (BUMI) , Asia’s largest thermal coal exporter, gained 4.5 percent to 1,160 rupiah and PT Adaro Energy (ADRO) , Indonesia’s second-biggest coal producer, jumped 7.6 percent to 1,560 rupiah.
PT United Tractors (UNTR) : Indonesia’s largest heavy equipment seller cut its sales target to 8,500 units this year from its initial estimate of 9,500 units as a downtrend in coal prices may reduce demand from mining companies, Investor Daily Indonesia reported, citing Corporate Secretary Sara K. Loebis. The company sold 8,467 units of Komatsu heavy equipment last year, the report said. United Tractors advanced 2.3 percent to 21,850 rupiah.
PT Wijaya Karya (WIKA) : The builder got 566 billion rupiah ($60 million) of toll-road construction contracts for projects in East Java and West Java provinces, Investor Daily Indonesia reported, citing Corporate Secretary Natal Argawan Pardede. Wijaya Karya fell 1 percent to 1,040 rupiah.
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