Morning Chatter

KBVS MORNING CHATTER
Wednesday, 11 March 2026

Headline News :
•    BMRI - Records net profit of IDR8.9 tn as of Feb ‘26
•    TOBA - Plans rights issue of up to 1.39 bn new shares
•    LPCK – Grants 31.3 ha of Meikarta land for government's 3 mn housing program
•    GOOD – Targets 10% yoy sales growth in 1Q26
•    BWPT – Allocated 5% of 2025 revenue for capex
•    SMGR - Partners with Taiheiyo Cement to enter soil stabilization business
•    CMRY - Records 33.8% yoy net profit growth in FY25, driven by processed food segment
•    Banking - OJK Predicts MSME credit will increase by 9% yoy in 2026

 

Market Commentary :
U.S. stocks lost steam on Tuesday (Dow -0.07%, S&P -0.21%, Nasdaq +0.01%) as investors weighed fading hopes for an earlier-than-expected end to the U.S.-Israeli ‌war on Iran against a backdrop of renewed military threats and ongoing worries of economic stagflation. In rates and FX, the U.S. 10-year Treasury yield gained +5.6 bps (+1.37%) to 4.154%, while the U.S. Dollar Index to 98.82 (-0.35%).

Commodities moved mostly weaker: Coal -4.43% to USD131.55/ton; CPO -3.11% to MYR4,428/ton; Brent oil -2.25% to USD90.6/bbl; and gold +1.04% to USD5,191/oz. 

Asian markets rebounded on Tuesday (Nikkei +2.89%, Hang Seng +2.17%, Shanghai +0.65%, Kospi +5.35%), supported by a rebound in Wall Street and declining oil prices after U.S. President Donald Trump signaled that the Middle East conflict with Iran could be nearing an end. South Korea’s KOSPI led regional gains, surging more than 5%. The JCI climbed +1.41% to 7,440.9, rebounding from steep losses in the previous two sessions, despite foreign net sell of IDR1.9tn, mainly from BBRI, PTRO, and TLKM, while inflows were recorded in ITMG, MEDC, and AADI. The top laggards were TLKM, BREN, and TPIA, while DSSA, BRMS, and BBCA provided some support.

Asian markets opened stronger on Wednesday (Kospi +2.8%, Nikkei +2.18%). We expect the JCI to continue its upward momentum as investors monitor developments in the ongoing Middle East conflict.

 

Regards,
KBVS Research Team

 

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