Morning Chatter

KBVS MORNING CHATTER
Friday, 05 June 2026

Headline News:
•    MEDC - To disburse USD87 mn in dividends
•    UNVR - Final dividend of IDR4.32 tn
•    INCO – Secured USD750 mn sustainability-linked loan
•    KAEF-Implements cost efficiency strategies amid rupiah depreciation
•    MAXI – Targets export market expansion to the Middle East and Asia
•    MUTU – To disburse IDR7.25 bn in dividends
•    PUDP - To disburse IDR659.12 mn in dividends
•    AMFG – Announces the resignation of seven top executives
•    VKTR – Plans up to 25 bn share rights issue
•    GOLF – To disburse IDR10.4 bn in dividends
•    SMDR – Opens new routes to Japan and South Korea

Market Commentary:
US indices closed mixed yesterday (04/06); DJIA (+1.73%), S&P 500 (+0.41%) and IXIC (-0.09%), driven by gains in the healthcare sector and positive developments in the Middle East, which outweighed a decline in the tech sector. Furthermore, the US dept of labor reported that its weekly initial jobless claims were higher than anticipated at 225k (vs 214k). Thus, both US 10-Y bond yield and USD index fell to 4.475% and 99.43, respectively yesterday. Now, market awaits for US' non-farm payrolls and unemployment rate data, for May'26, which will be released later today

In Europe, the STOXX 600 closed higher (+0.52%) yesterday as the market assessed the implications of a fresh Israel-Lebanon ceasefire agreement, which could pave the way for negotiations to end the war between US and Iran. On economy, EU released its Apr'26 retail sales data, which grew 1% yoy, but posted a monthly decline of 0.4% mom. Furthermore, based on London Stock Exchange Group (LSEG) data, the market expects the European Central Bank (ECB) to hike its rate by 25bps at next week' meeting amid persistent inflationary pressures. In commodities, oil prices fell yesterday on recent ceasefire between Israel and Lebanon' Hezbollah. Both, Brent crude prices and US WTI declined to USD95.03 per barrel and USD93.04 per barrel, respectively yesterday.

Indices in Asia mostly closed lower yesterday; Nikkei (-1.36%), KOSPI (-1.84%), Hang Seng (-1.48%) and Shanghai (-0.64%). JCI also closed lower (-1.70%) with IDR1.27 tn net foreign outflows. Today, the JCI could continue to close lower due to ongoing foreign outflows amid weaker IDR vs USD, and a rebound in global oil prices, despite with easing tensions in the Middle East.

Regards, 
KBVS Research Team

 

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