Morning Chatter

KBVS MORNING CHATTER
Tuesday, 02 June 2026

Headline News:
•    IPCC – Operational performance grows 16% yoy in 4M26
•    CLEO – Net profit grew 5.2% yoy in 1Q26
•    TRIS – Net profit grew 4% yoy in 1Q26
•    BNII – Net Profit Declined 22.0% yoy in 1Q26
•    DOID – Net Loss Narrowed to USD24 mn in 1Q26
•    JSMR – 1Q26 construction capex realization reaches 20% of FY26 budget
•    AALI – Responds to natural resource export regulation
•    MEJA – Acquires 45% stake in coal mining company TCP for USD100.0 mn
•    IPCM – Enters the IDX-MES BUMN 17 index
•    EMAS – Commences deep drilling program

Market Commentary:
U.S. markets closed higher on Monday (6/1), DJIA (+0.09%), S&P 500 (+0.42%), and Nasdaq (+0.26%). The gains were mainly supported by strength in technology stocks, particularly NVIDIA, following the launch of its new processor for personal computers. However, geopolitical developments remained in focus after Iranian negotiators halted communication with the U.S., while Tehran stated that it would fully close the Strait of Hormuz following Israel’s attack on Lebanon. Meanwhile, the U.S. 10-year Treasury yield increased by 4 bps to 4.456%, while the USD Index (+0.24%) to 99.117.

In Europe, Stoxx 600 closed (-0.76%), pressured by reports regarding a potential acquisition offer for EasyJet, while investors also assessed the latest violations of the increasingly fragile U.S.-Iran ceasefire.

In the commodities market, WTI crude oil (+5.5%) to USD92.16 per barrel, while Brent crude (+0.23%) to USD86.53 per barrel. Gold (-1.15%) to USD 4,484 per troy ounce, nickel (+1.31%) to USD 19,217 per ton, and coal (+2.60%) to USD 140.3 per ton.

Asian markets mostly closed higher on Monday (6/1), while JCI was closed for the Pancasila Day holiday. However, on Friday (5/29), JCI slipped (-0.05%) to 6,127.4, with foreign investors recording a net sell of IDR8.36 tn in the regular market and IDR159.5 bn in the negotiated market. Meanwhile, the IDR weakened by 0.26% to IDR17,817.9 against the USD on June 1.

Today, investors are also awaiting the release of April trade balance data and May inflation data, with consensus expecting inflation at 2.97% YoY. We expect the JCI to move slightly lower today amid ongoing geopolitical tensions and domestic wait-and-see sentiment ahead of the economic data releases, alongside continued pressure on the IDR.

 

Regards, 
KBVS Research Team

 

Please click download button below for full report.

Download