Morning Chatter

KBVS MORNING CHATTER
Monday, 25 May 2026

Headline News:
•    BBRI - Has disbursed KUR IDR65.95 tn by April 2026
•    ASGR – Net profit grew 86.23% yoy in 1Q26
•    GMFI – Targets FY26 revenue to reach USD542.8 mn
•    DSSA – Removed from FTSE Large Cap index, effective 22 Jun '26
•    SMAR – To disburse a IDR270 per share dividend
•    SMBR – To disburse a IDR3.46 per share dividend
•    SMCB – Targeting 1 mn tons of exports to the US
•    STAA - To Disburse IDR817.6 bn Dividend
•    LFLO - To Disburse IDR6 bn Dividend
•    KIJA - Secures IDR1.2tn loan to support Kendal Industrial Park expansion
•    AADI - To distribute USD450 mn in dividends

Market Commentary:
The Dow climbed nearly 300 points to a record close Friday, and the S&P 500 posted an eighth-straight week of gains.The VIX dropped 0.36% to 16.70, signaling a softer volatility outlook from investors. European benchmarks indices closed in green despite a mixed data metrics. The UK stumbled with a 1.3% MoM drop in April retail sales. Conversely, Germany’s June GfK Consumer Confidence ticked up to -29.8 (from -33.1) on brighter income expectations, and France’s Manufacturing Climate Index hit a four-month high at 102.
On commodity market front, Oil prices posted a weekly loss as diplomatic progress between the U.S.and Iran eased supply anxiety, while safe-haven gold logged its second straight weekly loss, pressured by rate-hike bets and a stronger greenback. The Greenback hovered near a six-week high, propped up by lingering geopolitical jitters. Meanwhile, regional indices tracked higher as markets reacted favorably to U.S.-Iran peace talks. On domestic market, The Jakarta Composite Index closed +1.10% (+67.10 pts) to finish at 6,162.05. Hot on the heels of the previous MSCI reshuffle, FTSE Russell's May 2026 review deleted DSSA (Large Cap) and dropped DAAZ, HILL, and MLIA from the Micro-Cap tier. We expect the JCI could closed higher in today's session, riding the wave of Wall Street’s record-breaking Friday and S&P 500 marks eighth straight week of gains. On the flip side, a continuing pro and cons view on natural resource export policy under PT Danantara Sumber Daya Indonesia (DSI) could remain become the market headwind. Key domestic data to watch this week include upcoming inflation data, auto sales, trade balance, and consumer confidence reports.

Regards, 
KBVS Research Team

 

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