Morning Chatter

KBVS MORNING CHATTER
Wednesday, 7 January 2026

Headline News :
•    DEWA - Completed IDR430 bn out of IDR950 bn buyback program
•    ACES — Ramadan to support 1Q26F demand and sales
•    SMDR – Fleet and shipping route expansion
•    TAYS — Preparations for Lunar New Year and Lebaran demand in 1Q26F
•    KAEF – To receive IDR846 bn loan from Bio Farma
•    PRAY — Converts subsidiary debt into equity to strengthen balance sheet
•    CMRY — Optimistic on sales and profit growth recovery in 2026

Market Commentary :
U.S. equities closed higher on Tuesday (Dow +0.99%, S&P 500 +0.62%, Nasdaq +0.65%), supported by a rally in chip stocks on renewed AI optimism and gains in Moderna, as investors digested mixed Fed signals while looking past geopolitical risks tied to the U.S. capture of Venezuela’s president. In rates and FX, the U.S. 10-year Treasury yield rose +1.1 bps (+0.26%) to 4.17%, while the USD Index strengthened +0.28% to 98.6.
Commodities closed mixed: coal +0.99% to USD107.3/ton, driven by winter demand; CPO -0.5% to MYR3,992/ton on higher Malaysian stocks; Brent oil -2.01% to USD60.54/bbl on ample supply vs Venezuela risk; and gold +1.45% to USD4,496.68/oz on safe-haven bids ahead of U.S. payroll data.
Asian markets closed mostly higher on Tuesday (Kospi +1.5%, Nikkei +1.32%, Hang Seng +1.38%, Shanghai +1.5%), led by tech-driven gains in Japan and China, while Korea slightly eased ahead of Samsung’s earnings. Meanwhile, the JCI rose +0.84% to 8,933.6, supported by AMMN, BBCA, and BBRI, with foreign net inflows of IDR911.5 bn, led by RAJA, BBCA, and BBRI.
Asian markets opened mixed on Wednesday (Kospi +0.83%, Nikkei -0.34%). We expect the JCI to trade sideways, supported by mixed regional and global sentiment.

Regards,
KBVS Research Team

 

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