Morning Chatter

KBVS MORNING CHATTER
Friday, 12 June 2026

Headline News:
•    RATU – Completes Madura Strait PSC acquisition
•    MLBI – 1Q26 net profit grew +17.5% yoy
•    SDPC – Targets double-digit revenue growth in FY26
•    ACES – To disburse IDR548.0 bn in dividends
•    AGII - To disburse IDR35 bn in dividends
•    UVCR - Allocates IDR1.5 bn to buyback 11 mn shares
•    NPGF - Expands plant nutrition product portfolio
•    MDIY – A IDR17.62/share dividend distribution
•    PEHA – To disburse IDR4.1 bn in dividends

Market Commentary:
US equities closed sharply higher on Thursday, with the S&P 500 advancing 1.8%, the Nasdaq Composite gaining 2.5%, and the Dow Jones Industrial Average surging 930 points. Sentiment improved markedly following a pullback in oil prices after President Trump called off threatened strikes against Iran, subsequently claiming that a deal had been agreed in principle among several Middle Eastern allies, including Israel. Technology shares led the rally as investors positioned ahead of SpaceX's anticipated IPO on Friday widely expected to be the largest in history, with retail investors alone submitting over USD100 billion in orders.

European equities closed higher on Thursday, with STOXX 600 advancing 0.6%, as investors largely looked past renewed geopolitical tensions and the ECB's latest policy action. President Trump reiterated his threat of additional strikes on Iran and signalled that energy infrastructure could be targeted, while the ECB delivered a 25bps rate hike alongside upward revisions to its inflation forecasts and a downgrade to its growth projections. Neither development materially rattled markets, as both had been broadly anticipated and priced in ahead of the session.

Asian markets closed mixed on Wednesday, with performance diverging sharply across the region. Japan's Nikkei +0.06% recovering after tumbling as much as 2.87% earlier in the session as the US military announced it had completed its latest strikes on Iran on the other side South Korea's KOSPI +0,43%, reversing earlier losses as investors turned optimistic on the outlook for the country's semiconductor sector. Looking ahead, the JCI may extend its decline today, weighed by IDR depreciation against the USD and a potential rebound in global oil prices.

Regards, 
KBVS Research Team

 

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