Morning Chatter

KBVS MORNING CHATTER
Wednesday, 20 May 2026

Headline News :
•    SOHO – Net profit grew 42.48% yoy in 1Q26
•    WINS – To disburse IDR8.8 bn in dividends  
•    ASLC – Targets double-digit revenue growth in FY26
•    TPMA – Revenue declined -0.41% yoy in 1Q26
•    DOID - Plans USD6 mn share buyback
•    GEMS - To distribute USD 80mn in final dividend
•    GOTO – Cuts GoRide commission to 8%
•    TRJA – To add new passenger transportation business lines
•    SRTG – To disburse a IDR103.3 per share final dividend
•    INDY – Issued USD100 mn senior notes
•    TPIA – Advances USD80 mn Ethylene expansion in Singapore

Market Commentary :
US equities closed lower on Tuesday (19/5), S&P 500 -0.67%, Nasdaq -0.84%, and DJIA -0.65%, as a surge in US Treasury yields weighed on market sentiment. The 30-year US Treasury yield briefly topped 5.19% for its highest level in nearly 19 years, while the 10-year yield rose 4.4 bps to 4.66% The recent increase in oil prices has intensified inflation concerns, prompting market expectations that the Federal Reserve may resume rate hikes as early as this year. Meanwhile, the US Dollar Index edged higher by +0.13% to 99.32.
From the commodity market, Brent and WTI futures fell -0.73% and -0.82% respectively after President Donald Trump announced the cancellation of a planned attack on Iran. The decision followed appeals from leaders of Saudi Arabia, the UAE, and Qatar to delay military action, although the US remains prepared to proceed with a large-scale operation if diplomatic negotiations fail.
European markets closed mostly higher, with the Stoxx 600 gaining +0.19% and most sectors ending in positive territory. On the macro front, the UK unemployment rate rose to 5.0% in the three months to March, slightly above the 4.9% consensus estimate. 
Asia-Pacific markets were mixed. Japan’s Nikkei 225 reversed early gains to close -0.44% lower. South Korea’s Kospi extended losses, falling -3.25%. In contrast, Australia’s ASX 200 rose +1.17%, China’s CSI 300 gained +0.4%, and Hong Kong’s Hang Seng Index increased by +0.48%.
The Jakarta Composite Index (JCI) tumbled 228.56 points (-3.46%) to close at 6,370.68, despite net foreign buy (regular + negotiated) of IDR260.1 bn, amid market rumors that the government is considering tighter regulation of strategic commodity exports through a new state-backed entity. Looking ahead, the JCI is likely to remain under pressure amid negative global sentiment.

Regards,
KBVS Research Team

 

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