Morning Chatter

KBVS MORNING CHATTER
Tuesday, 28 July 2026

Headline News:
•    SMGR – Posts +5.6% yoy sales volume growth in 1H26
•    PGEO – Secures USD75 mn financing from Bank Mizuho
•    MIDI – 1H26 net profit rises 24.4% yoy
•    DMAS - Secures IDR1.15 tn marketing sales in 1H26
•    BOBA – Targets IDR200 bn revenue in FY26
•    CEKA - Posts 19.5% YoY net profit growth in 1H26
•    INET – Launches NewConnext to expand into enterprise digital services
•    OKAS – Reports falling 1H26 earnings despite stable revenue from higher costs
•    IBOS – Opens first Segafredo Caffè outlet in Indonesia
•    WSBP – Supplies precast products for North Jakarta drainage projects
•    TAMU - Targets financial recovery in FY26

Market Commentary:
U.S. and European markets closed mixed on Monday’s (7/27), with the DJIA (+0.51%), S&P 500 (+0.02%), Nasdaq (-0.18%), and the Stoxx 600 (+0.02%). The movement was driven by weakness in technology and semiconductor stocks. On the other hand, oil prices declined following the easing of tensions between the U.S. and Iran. Going forward, investors are awaiting corporate earnings reports and the Federal Reserve’s interest rate decision scheduled for this week. In financial markets, the U.S. 10-year Treasury yield (-3.2 bps) to 4.65%, while the U.S. Dollar Index remained relatively flat at 101.50.

In the commodities market, WTI and Brent crude oil prices (-8.39%) and (-9.50%), respectively, to USD81.82 and USD87.59 per barrel. Coal, CPO, and nickel also fell 2.14%, 1.06%, and 0.56%, respectively. Meanwhile, gold and copper increased by 1.66% and 0.62%, respectively.

Asian markets mostly closed higher yesterday (7/27), with the Nikkei (+0.50%),  Kospi (+1.54%), Shanghai (+1.15%), and Hang Seng (+0.98%). Meanwhile, Jakarta Composite Index (JCI) (-0.17%) to 6,185.8, with foreign investors recording a net sell of IDR491.7 bn in the regular market and IDR328.5 bn in the negotiated market. The rupiah weakened against the U.S. dollar, closing at IDR18,005. Given the broadly positive global and regional market sentiment, we expect the JCI to move slightly higher today.

Regards, 
KBVS Research Team

 

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