29/04/2011 (Live Trading News) - In Jakarta today Plantation companies should perform well after Palm oil for July delivery increased 1.4 percent to 3,324 ringgit ($1,121) per ton on the Malaysia Derivatives Exchange.

Shayne Heffernan best buys are Astra Agro Lestari and Bakrie Sumatera

PT Astra Agro Lestari Tbk is an Indonesia-based oil palm plantation company. Its 4,059-hectare oil palm plantation is located in South Kalimantan and the cooking oil factory is located in North Sumatra, Indonesia. The Company and its subsidiaries’ mills have production capacities of 940 tons of fruit bunch per hour and 600 tons of kernel per day and 300 tons of crude palm oil (CPO) per day. The subsidiaries’ plantations and mills are located in Java, Sumatra, Kalimantan and Sulawesi. Its subsidiaries include PT Sari Lembah Subur, PT Eka Dura Indonesia, PT Tunggal Perkasa Plantations, PT Sawit Asahan Indah, PT Kimia Tirta Utama, PT Perkebunan Lembah Bhakti, PT Karya Tanah Subur, PT Sari Aditya Loka, PT Letawa, PT Suryaraya Lestari, PT Pasangkayu, PT Mamuang, PT Bhadra Sukses, PT Lestari Tani Teladan and PT Bhadra Cemerlang.

PT Bakrie Sumatera Plantations Tbk is a plantation company in Indonesia. It is engaged in the production and marketing of natural rubber products and palm oil. The Company also provides plantation management services and has subsidiaries which are engaged in investment management. Its two business segments are rubber and oil palm and derivatives. The Company has 66,560 hectares of plantation area in Kisaran, Asahan District, North Sumatra. Its subsidiaries include PT Bakrie Pasaman Plantations, PT Agrowiyana, PT Agro Mitra Madani and PT Huma Indah Mekar.

Yesterday in Jakarta the JCI rose 4.0 points, or 0.1 percent, to close at 3,808.93, another record high. About 5.3 billion shares worth Rp 3.8 trillion ($444.6 million) changed hands. Decliners edged gainers 109 to 105.

The rupiah strengthened 0.4 percent to trade at 8,580 to the US dollar on Thursday. It gained the most in a week after global funds bought $49 million more in Indonesian stocks than they sold in the first three days of this week.