Jakarta
INDONESIAN companies with high levels of dollar debt and importers of raw materials are most vulnerable after the rupiah plunged to a 16-year low, while some exporters stand to benefit.
Mobile-phone company PT Indosat and developers such as PT Alam Sutera Realty that have high foreign-debt levels will face earnings pressure, as will importers such as animal feed maker PT Charoen Pokphand Indonesia that are dependent on local sales, according to Jakarta-based PT Reliance Securities and Sucorinvest Asset Management. Winners include garment exporter PT Pan Brothers and gas distributor PT Perusahaan Gas Negara.
"Companies with exposure to dollar debt like Indosat must be hurting," Jodi Pujiyono,...
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