Morning Chatter

KBVS MORNING CHATTER
Wednesday, 25 March 2026

Headline News :
•    Banking - The phenomenon of slowing bank credit: a sign of a stagnant economy 
•    SRTG – Net profit grew to IDR7.33 tn driven by investment gains
•    ASLC – Revenue hits IDR1 tn amidst net profit slippage due to rising COGS
•    GRPM – Net profit grows by 18.72% yoy to IDR3.0 bn in FY25
•    GIAA – Net loss widens by 343.52% yoy to USD322.48 mn in FY25
•    BUAH – Targets 4% yoy revenue growth in 2026
•    MIDI – Net profit jumps by 45.01% yoy to IDR792.36 bn in FY25
•    INKP – Books USD453.34 mn net profit for FY25, prepares bond issuance
•    Coal – 2026 RKAB reaches nearly 400 mn tons, accelerated to be completed by end-March

Market Commentary :
Wall Street closed lower in a volatile session Tuesday as investors wrestled with conflicting signals from the Middle East — President Trump claimed progress in U.S.-Iran talks, yet reports of additional American troop deployments to the region kept risk sentiment in check. Rising oil prices and a weak 2-year Treasury auction pushed U.S. yields higher, adding further pressure on equities.
Sentiment spilled over into Asia-Pacific, where markets pared early gains as oil prices rebounded, keeping uncertainty elevated across the region.
Closer to home, the JCI bucked the regional headwinds, closing up +1.20% to 7,106.8. Foreign investors turned net buyers on the regular market, recording net inflows of IDR 155.2 billion, led by EMAS, AADI, and TLKM.

Regards,
KBVS Research Team

 

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