Morning Chatter

KBVS MORNING CHATTER
Tuesday, 09 June 2026

Headline News:
•    TLKM – To disburse cash dividend of IDR21.9 tn for FY25
•    PJAA – Launches school holiday program to boost visitor traffic
•    PTPP – Secures IDR143.09 bn contract to build RSUD in Mamuju Tengah
•    KEEN – To disburse IDR30.1 bn in dividends
•    CBDK – To disburse IDR28.3 bn in dividends
•    GULA - Controlling shareholder increases ownership to 55.17%
•    WIFI - Explores IDR2.5 tn bond issuance to fund subsidiary capex
•    IRRA - Focuses on expanding medical device distribution network
•    EMAS – Announces maiden Kolokoa MRE
•    SMDR – Golden Star 1 container ship sinks
•    Metal mining – Gross split scheme confirmed to oil & gas

Market Commentary:
U.S. markets closed mixed in Monday's (6/8), with DJIA (-0.16%), S&P 500 and Nasdaq gained (+0.30%) and (+0.86%), respectively. The gains were driven by strength in semiconductor stocks, led by Micron Technology, which surged 10%, followed by NVIDIA and Broadcom. On the geopolitical front, President Donald Trump worked to maintain the fragile ceasefire amid continued exchanges of strikes between Iran and Israel. From a macroeconomic perspective, investors are awaiting the release of U.S. April trade balance data today (6/9). Meanwhile, the U.S. 10-year Treasury yield rose (+31 bps) to 4.57%, while the U.S. Dollar Index edged lower to 100.05.

In Europe, the Stoxx 600 closed slightly lower by (-0.15%), as oil prices pared earlier gains following signs of a pause in attacks between Iran and Israel.

In the commodities market, WTI crude oil rose(+1.03%) to USD91.84 per barrel, while Brent crude gained (+1.25%)to USD94.25 per barrel. Coal increased (+1.68%) to USD151.25 per ton, while gold and nickel declined (-0.26%) and (-0.98%), respectively.

Asian markets closed lower yesterday (6/8), including JCI, which plunged (-4.52%) to 5,342.1. Foreign investors recorded a net sell of IDR587.2 bn in the regular market and a net buy of IDR140.1 bn in the negotiated market. Meanwhile, the IDR weakened (-0.9%) to IDR 18,178 against the USD. We expect the JCI to remain under pressure today amid mixed global sentiment and the potential continuation of rupiah weakness.

Regards, 
KBVS Research Team

 

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