Morning Chatter

KBVS MORNING CHATTER
Monday, 18 May 2026

Headline News :
•    VICI – Lower net profit in 1Q26 due to higher costs pressure
•    GOTO - A IDR3.5 tn buyback plan
•    DSSA - FY25 earnings to be retained
•    RMKE – Invests IDR45.5 bn in electric heavy equipment
•    BIPI – Partnering with Humpuss for USD1.5 bn energy projects
•    MEDS – Plans a business expansion into metal goods manufacturing
•    COCO – Plans further global expansion for its premium chocolate brand
•    RALS – To disburse a IDR50 per share final dividend
•    JKON – Obayashi Corporation to acquire 48.8% stake in subsidiary JTDJP

Market Commentary :
A nasty mix of spiking Treasury yields and a tech-sector selloff sent the major indexes into a tailspin. The Dow Jones plummeted more than 500 points, while the VIX, the market's "fear gauge", shot up nearly 7% to 18.43, proving just how jittery investors are right now. Adding to the messy mood, a highly anticipated summit between President Donald Trump and Chinese President Xi Jinping saw by the market with a likelihood wrapped up of lesser significant real breakthroughs, leaving traders thoroughly frustrated. The anxiety quickly spread across the Atlantic, dragging European markets down too, as investors grappled with a sudden spike in crude oil and hotter-than-expected US inflation data.
Oil prices rallied following hawkish rhetoric from President Trump, who stated he is "losing patience" with Iran. Higher yields and a roaring dollar dragged Gold to a one-week low, even as escalating Middle East tensions continued to stoke broader inflation fears. The US Dollar notched its fifth consecutive daily gain as sticky inflation data fueled bets on upcoming Fed rate hikes.
Red screens dominated APAC. South Korea’s Kospi plunged over 6%, retreating from its record high as heavyweight tech stocks bore the brunt of a broader regional sell-off. Locally, the Jakarta Composite Index (JCI) dipped -1.98%, closing at 6,723.32 as global risk-off sentiment spilled over into the domestic market. The focus now shifts to a data-heavy week with key domestic updates on loan growth, money supply and Bank Indonesia's interest rate decision.

Regards,
KBVS Research Team

 

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