Morning Chatter

KBVS MORNING CHATTER
Friday, 21 November 2025

Headline News :
•    SMMA – Appointed new board of new board of directors
•    DRMA – Strategizes through acquisitions
•    ASSA – Secures IDR500 bn credit facility from Bank QNB Indonesia
•    SGRO - Sampoerna sells entire 65.7% stake, exits the IDX
•    TAPG - Receives IDR628.1 bn in dividends from subsidiaries
•    TCID – Returns to profitability in 9M25, aided by 37% surge in domestic sales
•    PANR - Targets 100,000 tourists by March 2026 through international exposure

Market Commentary :
US indices closed lower on Thursday (20/11) ; DJIA (-0.84%), S&P 500 (-1.55%) and IXIC (-2.15%), as a mixed employment report diminished hopes for further easing by the Fed this year and new concerns over inflated tech valuations, despite Nvidia’s better-than-expected earnings report. The US labor market reported the intial jobless claim was at 224k or higher than anticipated, but the continuing jobless claim was better than anticipated at 1.974 mn. Non farm payrolls was at 119k or better than expected, while unemployment rate was higher than anticipated at 4.4%. Thus, USD index rose to 100.25, but US 10-Y bond yield fell to 4.1%.
In Europe, the STOXX600 rose 0.4%, yesterday, following Nvidia’s earnings beat but pared their advance amid renewed uncertainty regarding the Fed’s monetary policy path. On commodity, global oil prices fell yesterday, with Brent crude futures and US WTI down 0.2% to USD63.38 a barrel, and 0.55% to USD59.14 a barrel, on the back of US' brokered peace deal between Ukraine and Russia.
Indices in Asia closed mixed yesterday, and JCI closed 0.16% higher, with IDR1.27 tn net foreign inflow. Today, the JCI could close lower due to stronger USD and a potential rebound in global oil prices, despite toned-down geopolitical uncertainties

Regards,
KBVS Research Team

 

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