Morning Chatter

KBVS MORNING CHATTER
Thursday, 2 April 2026

Headline News :
•    KRAS – Reversed losses into a USD339 mn profit in FY25
•    IRRA – A simultaneous double digit growth for revenue and net profit in FY25
•    AVIA – Expanding distribution network and building a new factory in Cirebon
•    PRDA – A double digit net profit decline despite stable revenue
•    PEHA – Net profit grew 109% yoy in FY25
•    INTP – Net profit grew 12.0% yoy in FY25
•    KRYA – Share price declined significantly amidst aggressive insider selling

Market Commentary :
US equities rebounded on Wednesday as easing geopolitical concerns supported risk sentiment, with markets increasingly pricing in a potential de-escalation in the US–Iran conflict. The S&P500 rose 0.72%, Nasdaq gained 1.16% and the Dow added 0.48%, reversing earlier risk-off positioning as investors rotated back into equities. 
The move was accompanied by a pullback in energy prices, with WTI crude declining 1.2% to USD100/bbl and Brent falling 2.7% to USD101/bbl, reflecting expectations that supply disruption risks may ease if tensions subside. 
Sentiment improved following comments from President Donald Trump indicating that Iran had signaled interest in a ceasefire, with the US potentially considering the proposal conditional on the reopening of the Strait of Hormuz. Additional remarks suggesting a possible withdrawal of US military forces within ‘two to three weeks’ further reinforced expectations of a near-term resolution. Markets appear to be increasingly discounting a de-escalation scenario, consistent with earlier reports that Iran may be open to ending the conflict under certain conditions, including security guarantees and reparations. 
That said, visibility remains limited, and near-term volatility is likely to persist. While improving headlines have supported a recovery in risk assets, the absence of a formal ceasefire or a clear resolution suggests markets will remain headline-driven. Focus now shifts to further official updates, including the President’s scheduled address at 9 pm ET, which could serve as a key catalyst for both oil prices and broader risk sentiment. 
Asia-Pacific equities traded modestly higher on Thursday. Japan’s Nikkei225 rose 0.78% and Topix gained 1.01%, while South Korea’s Kospi advanced 1.33% and Kosdaq added 1.14%. Australia’s ASX200 climbed 0.45% and Hang Seng futures edged slightly higher. 
Yesterday, the JCI closed 1.93% higher at 7,184.44, driven by gains in IMPC, TLKM, and BREN. Foreign investors recorded a net sell of IDR165.48 bn, with outflows concentrated in DEWA, TLKM, and BUMI.

Regards,
KBVS Research Team

 

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