Morning Chatter

KBVS MORNING CHATTER
Monday, 28 April 2025

Headline News :
•    Banking - Tight liquidity not resolved yet, deposit rates have already dropped
•    TLDN – Continuing expansion
•    ISSP – Targeting high single-digit growth in 2025
•    KRAS - Opens opportunities for expansion beyond Cilegon
•    UNTR - Prepares IDR16.8 tn for mining acquisition
•    AUTO - A net profit of IDR505.57 bn in 1Q25
•    STTP - A net profit of IDR1.31 tn in FY24

Market Commentary :
While the broader U.S. equity market exhibited a largely sideways trajectory, the Nasdaq Composite bucked the trend, registering a notable 1.26% ascent as investors positioned themselves ahead of a week saturated with corporate earnings reports. Across the continent, European markets registered positive closes, with the UK's FTSE 100 exhibiting particular strength, extending its longest winning streak in half a decade.
Crude oil futures concluded the week in negative territory, pressured by a confluence of factors including persistent anxieties surrounding tariff implications and mounting concerns over burgeoning supply levels. The price of gold depreciated by 2% as a confluence of factors, namely the abatement of U.S.-China trade tensions and the concomitant strengthening of the U.S. dollar, diminished its safe-haven appeal.
The U.S. dollar is poised to conclude its first week with gains since mid-March, buoyed by emerging signals of a potential détente in the strained economic relationship between the United States and China. This development follows China's recent decision to grant tariff exemptions on certain U.S.
Meanwhile, Asia-Pacific equities experienced upward momentum as market participants maintained a keen focus on potential forthcoming stimulus measures from Beijing. From domestic market, Jakarta Composite Index 65.4 pts (0.99%) to 6,678.92. Closest key economic metrics update will come from Foreign Direct Investment and followed by Manufacturing PMI, Inflation and GDP growth rate.

Regards, 
KBVS Research Team

 

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