Morning Chatter

KBVS MORNING CHATTER
Wednesday, 13 May 2026

Headline News :
•    Banking - 1Q26 sharia banks shines, financing grew solid
•    AKRA – Injects IDR150 bn into subsidiary for vessel procurement
•    MDLA – To disburse a IDR176.56 bn in cash devidends
•    IPCM – Another fleet expansion for downstream projects
•    MCOL – To disburse a IDR200 per share final dividend
•    VKTR – Builds EV ecosystem in Central Java
•    CHEK - Exploring partnerships for hantavirus detection products
•    MBTO – Targets FY26 net revenue of IDR500.0 bn
•    LABS – Prepares hantavirus diagnostic tools amid Kemenkes alert
•    CDIA – Acquisition 57.5% stake in ELPI Trans Cargo

Market Commentary :
US equities closed mostly lower on Tuesday (12/5); DJIA +0.11%, S&P 500 -0.16%, and Nasdaq -0.71%, as the recent rally in large-cap tech names lost momentum amid fresh inflation data and renewed geopolitical concerns in the Middle East. Several major semiconductor and AI-related names, including Micron, AMD, and Broadcom, retreated after reports that South Korean authorities are considering a universal dividend framework for AI infrastructure stocks, prompting profit-taking across the sector.
On the data front, the annual US inflation rate accelerated to 3.8% in April, the highest since May 2023, up from 3.3% in March and slightly above the 3.7% market consensus. Energy remained the key driver, with the energy index up 17.9% YoY, led by a 28.4% surge in gasoline prices and a 54.3% jump in fuel oil, reflecting ongoing disruption to oil flows from the effective closure of the Strait of Hormuz. Food prices also picked up, rising 3.2% YoY. On a monthly basis, headline CPI increased 0.6%, in line with expectations. 
The US 10-year Treasury yield rose 4.9 bps to 4.461% as the hotter-than-expected April CPI print reinforced expectations that the Federal Reserve will keep policy rates higher for longer. The US dollar index also firmed, rising 0.36% to 98.31.
On the commodity front, Brent rose 3.35% to USD107.75/barrel, and WTI jumped 4.19% to USD102.18/barrel on Tuesday, extending gains as Trump declared the recent ceasefire "on massive life support" after rejecting Tehran's latest peace proposal. In its latest counteroffer, Iran has insisted on war reparations, full sovereignty over the Strait of Hormuz, the release of frozen Iranian assets and the lifting of economic sanctions.
In Europe, pan-European STOXX 600 declined -1.01%, as did several major indices (DAX -1.62%, FTSE -0.04%) as fading optimism over a near‑term peace deal between the United States and Iran weighed on sentiment, alongside fresh German inflation data and ongoing political noise in the United Kingdom.
Asian markets were broadly mixed on Tuesday; Hang Seng fell 0.16%, as did Kospi (-2.29%) and ASX 200 (-0.36%), while Nikkei rose +0.52%. In Indonesia, JCI continued its downtrend on Tuesday, declining -0.68% to 6,858.9 with net foreign outflow (regular + negotiated) of IDR931.9 bn. Today, JCI could close lower amid risk off sentiment in global markets, elevated oil prices, and concerns surrounding MSCI’s latest index review.

Regards,
KBVS Research Team

 

Please click download button below for full report.

Download