Morning Chatter

KBVS MORNING CHATTER
Friday, 26 June 2026

Headline News:
•    INAF - Targets production efficiency and portfolio rebalancing as part of FY26 turnaround strategy
•    MEJA - Plans a 45% share swap acquisition of Trimata Coal Perkasa
•    CSAP - To disburse IDR22.7 bn in dividends and expand retail networks
•    SMDR – To issue IDR700bn worth of sukuk
•    PZZA - Acquires a 52% stake in Halal Artisan Yummies
•    RMKE – Allocates IDR116 bn to repay bonds
•    BRPT – To disburse USD8.5 mn in dividends
•    VERN – Targets three film releases in 2H26F
•    DVLA – Expands wound care services with Mayapada Hospital
•    KAEF – Strengthens local API production to reduce import reliance
•    HOKI – Diversifying through Dailymeal products

Market Commentary:
U.S. markets closed mixed on Thursday’ (6/25), with DJIA (+0.14%), Nasdaq (-0.46%), and S&P 500 ending broadly flat at (-0.01%.) The mixed performance was driven by profit-taking in technology stocks, including a sharp 6% decline in Apple after the company announced price increases for MacBook and iPad products. On the other hand, sentiment was supported by strong earnings from Micron Technology. From the macro side, U.S. core inflation (PCE) for May rose 0.4% MoM and 4.1% YoY, in line with expectations and closely watched by the Federal Reserve. Meanwhile, the U.S. 10-year Treasury yield edged down slightly to 4.396%, while the DXY index also eased to 101.43.

In Europe, the Stoxx 600 advanced (+0.8%), supported by optimism surrounding early-stage peace negotiations between the U.S. and Iran.

In commodities, Brent crude (+1.48%) to USD 74.83 per barrel, while WTI (+2.96%) to USD 71.92 per barrel. Gold (+0.49%), nickel (+0.36%), while coal, CPO, and copper declined (-0.43%), (-1.60%), and (-0.27%), respectively.

Asian markets closed mostly higher on (6/25), with Nikkei (+4.61%), Kospi (+3.34%), Shanghai (+0.23%), and Hang Seng (-1.43%). The Jakarta Composite Index (JCI) (+1.96%) to 5,999.04. Foreign investors recorded a net sell of IDR201 bn in the regular market and IDR97.8 bn in the negotiated market. Meanwhile, the rupiah slightly weakened to IDR 17,925 against the U.S. dollar. We expect the JCI to extend modest gains today, supported by global and regional sentiment as well as rupiah strength.

Regards, 
KBVS Research Team

 

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