Morning Chatter

KBVS MORNING CHATTER
Tuesday, 12 May 2026

Headline News :
•    Automotive - Car sales growth surge, reached 80,776 units in April ‘26
•    ARCI – To disburse IDR522.2 bn in dividends
•    SSIA – Booked a net profit of IDR 89.01bn in 1Q26
•    RUIS – Targets a 5.0% YoY revenue growth in FY26
•    PMUI – Targets 10% yoy revenue growth in FY26
•    GRPM – A IDR15.0 bn capex allocation for new principal
•    KBAG – Expands property projects in Jabodetabek
•    DYAN – 1Q26 net profit grew 59.0% yoy 
•    FORE – Targets a 70% yoy net profit growth in FY26
•    GOTO – Announcing buyback plan worth to IDR3.5 tn
•    RATU - Acquires stake in Kasuri Block for USD9.64 mn

Market Commentary :
U.S. markets closed higher on Monday (11/5), with the DJIA (+0.19%), Nasdaq (+0.10%) and S&P 500 (+0.19%). The gains were supported by strength in technology stocks, while President Donald Trump rejected Iran’s latest proposal to end the war. On the economic front, the U.S. market is awaiting the release of April inflation data on 12 May ‘26, with consensus expecting inflation at 3.6% yoy. Meanwhile, the U.S. 10-year Treasury yield increased by 4.9 bps to 4.41%, while the U.S. Dollar Index also edged higher to 97.96.
In Europe, the Stoxx 600 closed slightly higher by 0.11% amid rising investor concerns over the ongoing Iran-U.S. conflict, which has yet to show signs of easing. This geopolitical uncertainty also pushed oil prices higher, with Brent crude (+2.88%) to USD104.2 per barrel and WTI crude (+2.96%) to USD98.2 per barrel. In other commodities, gold (+0.55%) to USD4,741 per troy ounce, while nickel (+1.64%) to USD19,217 per ton.
Asian markets closed mixed yesterday (11/5), while JCI declined 0.92% to 6,905.6. Foreign investors recorded net sell of IDR659 bn in the regular market and IDR92 bn in the negotiated market. Meanwhile, the rupiah slightly weakened by 0.2% to IDR 17,412 against the US dollar. Today, we expect the JCI to move lower ahead of the MSCI rebalancing on 12 May (U.S. time).

Regards,
KBVS Research Team

 

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