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Morning Chatter

17 March 2026

KBVS MORNING CHATTER
Tuesday, 17 March 2026

Headline News :
•    BBCA - Posts net profit of IDR9.2 tn as of February 2026
•    MLBI – A IDR1.18 tn net profit on higher sales yoy
•    ASSA – Targets +10.0% yoy revenue growth in FY26F mainly due to Ramadan
•    PGUN – Net profit grew to IDR159.3 bn in FY25 on higher CPO prices
•    CMPP – Booked a net loss of IDR1.29 tn (-15% yoy) in FY25
•    TOTL – An increase in operational costs on higher energy prices
•    GPSO – Plans rights issue for a massive IDR700 bn asset consolidation
•    IPCC – Reaps storage fee benefits amid US-Iran geopolitical tensions

Market Commentary :
Global markets are a bit of a mixed bag right now, caught between cooling oil prices and simmering geopolitical tensions. The S&P 500 managed to bounce back on Monday, breaking a three-week losing streak. This recovery was largely fueled by a slight dip in oil prices after Donald Trump pushed allies to help secure tankers in the Strait of Hormuz. VIX index closed 13.53% representing higher market volatility expectation.
Oil prices have taken a breather today as President Trump ramps up the pressure on global allies to help patrol the Strait of Hormuz. By calling for an international coalition to protect tankers in the vital shipping lane, the administration has managed to take some of the heat off the recent price spikes.
At the same time, the US Dollar is pulling back from its recent highs. Investors are shifting their focus away from safe-haven hoarding and toward a busy week of central bank meetings. With several major interest rate decisions on the horizon, the market is waiting to see how policymakers intend to balance the ongoing Middle East conflict with persistent inflation.
Over in Asia, the mood was more cautious. Markets ended the day mixed as oil prices stayed high, kept afloat by the escalating back-and-forth between the U.S. and Iran. Closer to home, the Jakarta Composite Index took a hit, dropping 1.61% (114.92 points) to close at 7,022.29. Local market is currently in "wait-and-see" mode, with all eyes on three major data releases scheduled for later this week: (a) The interest rate decision, (b) Loan growth figures and (c) money supply.

Regards,
KBVS Research Team

 

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