Morning Chatter

KBVS MORNING CHATTER
Tuesday, 07 July 2026

Headline News:
•    SMGR - 5M26 sales volume grows 4.4% YoY to 15.09 mn tons
•    TINS – Inks IDR50 bn short-term working capital loan facility
•    ASSA – Leases property to subsidiary TAB
•    SSIA - Targets industrial expansion shift to Subang Smartpolitan
•    VOKS – Projects higher demand
•    MORA – Partners with ZTE for broadband expansion
•    KRAS – Divests 20% Stake in Krakatau Osaka Steel for USD14mn
•    GMFI – Seeks EGMS approval to eliminate USD512.87mn deficit
•    UVCR – Partners with BBRI to expand digital voucher distribution
•    CBRE - New vessel arrives ahead of Hidayah Field EPCIC project
•    TCID - Retains FY26 growth targets

Market Commentary:
U. S. markets closed higher on Monday’s (7/6), with DJIA (+0.29%), S&P 500 (+0.72%), and Nasdaq (+1.12%). The broad market advance reflected renewed investor confidence in the AI trade following June’s chip stock sell-off. On the economic front, the U.S. is awaiting May trade balance data today, with consensus at -USD78 bn. Meanwhile, the U.S. 10-year Treasury yield edged down 2 bps to 4.467%, while the U.S. Dollar Index slipped 0.4 bps to 100.853.

In Europe, the Stoxx 600 closed (-0.35%) lower, pressured by profit-taking after last week’s strong gains. Eurozone retail sales for May rose 1.6% YoY, supporting underlying economic resilience.

In commodities, Brent crude (-0.11%) to USD72.04 per barrel, while WTI (-0.26%) to USD68.55 per barrel. Gold (-0.47%), nickel (+0.17%), and coal declined (-0.31%).

Asian markets closed mixed yesterday (7/6), with the Nikkei flat, Hang Seng up (+1.1%), Shanghai down (-0.1%), and Kospi down (-0.5%). The Jakarta Composite Index (JCI) rose (+0.69%) to 5,916.1, with foreign investors posting a net sell of IDR163 bn in the regular market and IDR27.8 bn in the negotiated market. The rupiah weakened (-0.2%) to IDR 17,995 against the U.S. dollar. Today, investors will focus on Indonesia’s June FX reserves data, and we expect the JCI to move slightly higher, supported by positive global and regional sentiment.

Regards, 
KBVS Research Team

 

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