appConfigEntityId

bodyType

customContents

entityId

entityUuid

articlePageQuery

filter

article

articleBaseAdvertisingInfoArticle

articleListArticle

articleSeoArticle

hooksArticleAcknowledgementGateOverlayArticle

hooksTrackPageViewArticle

hooksContentInterestArticle

articleLinkingDataContent

hooksAmpRedirectArticle

articleSchemaContent

hooksArticlePageAdvertisementConfigArticle

liveArticle

appConfig

advertZone

sentiment

contentLock

topics

types

sections

paywallTypes

createdDate

publishedDate

sponsorType

urlAlias

moreOnThisArticles

sectionsV2

commentCount

authorLocations

authors

corrections

displaySlideShow

multimediaEmbed

printHeadline

seriesContainer

articleSpeeches

socialHeadline

headline

images

flag

firstTopic

glossary

flattenTypeIds

image

relatedLinks

relatedNewsletters

__typename

sponsor

pdfFiles

seriesReverseOrder

series

disableOffPlatformContent

published

updatedDate

summary

subHeadline

body

keywords

readingTime

customTimezone

liveContents

json

SCMP Reporter

Stocks connected to Indonesia's first family dropped yesterday as rumours circulated that 76-year-old President Suharto's health may be failing.

 Shares in conglomerate Bimantara Citra, controlled by Suharto's son, Bambang Trihatmodjo, fell 10.22 per cent to 1,975 rupiah (about HK$3.46) compared with the wider market's small gain of 0.44 per cent.

 Toll-road operator Citra Marga Nusaphala Persada (CMNP), run by the one of president's daughters, Siti Hardiyanti Rukmana, dropped 2.94 per cent to 825 rupiah.

 Brokers said investors were concerned that doubts about the president's well-being could jeopardise the companies' ability to generate returns.

 During the lifetime of the New Order regime, President's Suharto's offspring have used their connections to secure lucrative business contracts, developing extensive interests in all significant areas of the economy.

 Bimantara, which is 41 per cent held by Mr Trihatmodjo, has seven key businesses: media and broadcasting, telecommunications, infrastructure, transport, chemicals, hotels and financial services.

 A broker in Jakarta said: 'Bimanatara would feel the impact [more than CMNP].

 'They've had a lot of businesses that were granted on the basis of connections to the government. They would be more vulnerable.'  Brokers said the first family may also have clandestine stakes in other listed companies.

 'There may be lots of hidden stakes in other companies,' another broker said.

 'You just don't know.' 



Shares in first family firms hit