Morning Chatter

KBVS MORNING CHATTER
Wednesday, 03 June 2026

Headline News:
•    INCO – To disburse USD45.6 mn in dividends and board reshuffle
•    BUMI – Disburses IDR1.51 tn Loan to Arutmin
•    CLEO – Targets double-digit sales growth in 2026
•    BMTR – Issues IDR800 bn in debt securities
•    VICI - To Disburse IDR33.54 bn in Dividends
•    UVCR - To Disburse IDR1 bn in Dividends
•    TMAS – Expands into LNG business
•    MAIN – To disburse cash dividend of IDR115.99 bn for FY25
•    INTP – 1Q26 total sales grew +1.8% yoy
•    SDPC - To Disburse  IDR3.82 bn in Dividends

Market Commentary:
US equities closed higher on Tuesday, with the DJIA rising +0.45%, the S&P 500 gaining +0.13%, and the Nasdaq Composite edging up +0.03%, as the S&P 500 booked yet another record close. Sentiment was shaped by ongoing developments in US–Iran negotiations and notable moves across major technology names. Marvell Technology surged +32% after Nvidia CEO Jensen Huang endorsed the semiconductor company as a potential next trillion-dollar firm, while Hewlett Packard Enterprise jumped more than +19% after delivering a strong quarterly earnings beat and raising both its current-quarter and full-year guidance above Street expectations. On the downside, Alphabet fell -3.81% after announcing plans to raise USD 80 billion through equity offerings — including a USD 10 billion participation by Berkshire Hathaway — to fund a substantial expansion of its AI infrastructure.

On the data front, the April JOLTS report delivered a sizeable upside surprise: job openings rose to 7.62 million, their highest level since May 2024, sharply above the Bloomberg consensus estimate of 6.87 million and well ahead of the revised March reading of 6.89 million. Elsewhere, the 10-year US Treasury yield eased -2.4 bps to 4.453%, while the US Dollar Index held broadly flat at 99.21. In commodity markets, oil prices extended their gains, with WTI and Brent each rising more than 1% to USD 93.76 and USD 96.00 per barrel, respectively, as concerns over US–Iran negotiations weighed on sentiment after Iranian negotiators suspended talks following Israeli strikes in Lebanon. Reports subsequently emerged that Tehran is reviewing a proposed agreement with the US to halt the conflict.

In Europe, the STOXX 600 rose 0.7%, lifted by technology stocks after STMicroelectronics raised its revenue targets for its data centre business — signalling continued strength in AI-driven demand — while investors also assessed eurozone inflation data for signs of the Middle East conflict's broader economic impact. Eurozone inflation rose to an estimated 3.2% in May, above the European Central Bank's 2% target, as elevated energy prices stemming from the ongoing regional conflict weighed on the continent's economies.
In Asia, equity markets closed mixed on Tuesday, with the Nikkei 225 declining -0.30%, the Kospi falling -0.15%, and the Hang Seng adding +2.41%. The JCI rose to 6,195 despite a net foreign outflow of IDR 1.4 trillion. Looking ahead, the JCI may sustain its rebound, supported by positive global market sentiment.

Regards, 
KBVS Research Team

 

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