Morning Chatter

KBVS MORNING CHATTER
Friday, 17 July 2026

Headline News:
•    BIRD – Adds Bluebird Prime service segment
•    GOTO – Launches international money transfer service via GoPay
•    BUKA - Fully utilizes IDR21.33 tn of IPO proceeds as of 30 Jun '26
•    ASLC – JBA Indonesia leases ASSA property in Bandung
•    WIFI – Launches 2 Gbps home broadband service
•    CYBR – Launches Bronyx AI for automated penetration testing
•    SCPI - Go-private EGMS fails quorum, delisting plan stalled
•    META - Targets double-digit FY26 growth via asset optimization
•    ENRG - Injects USD64.67 mn of bond proceeds into three subsidiaries
•    ASDM - 1H26 net profit rises 25% YoY as total assets cross IDR1 tn
•    MKNT - Plans IDR1.02 tn private placement that will dilute existing shareholders by 99.46%

Market Commentary:
US indices closed lower yesterday (16/07); DJIA (-0.20%), S&P 500 (-0.51%) and IXIC (-1.47%), dragged down by the basic materials, industrials and technology sectors as semiconductor names slid on higher capex guidance from the world’ largest contract chipmaker (TSMC' Taiwan). Sentiment also took a hit after a regional Federal Reserve president called for "modestly higher" interest rates. On US labor market, the US labor dept reported that its weekly initial jobless claims were better than anticipated at 208k (vs 216k). Thus, US 10-Y bond yield and USD index was up to 4.573% and 100.55, respectively, yesterday.

In Europe, the STOXX 600 closed higher (+0.16%) yesterday amidst the market' anxieties over escalating military tensions in the Middle East were overshadowed by cooling US inflation data. On economy, UK reported its May'26 GDP grew 1.3% yoy/0.1% mom with its trade balance with non EU countries and EU countries, recorded a GBP7.14 bn and GBP18.66 bn deficit or better than the market' anticipation. On the otherhand, EU' trade balance faced a EU7.8 bn deficit or much worse than market' expectation (+EU2.8 bn). In commodities, oil prices fell yesterday, after soaring more than 11% this week, despite with renewed military action from US. As a result, Brent crude futures expiring in Sept'26 and US WTI futures expiring in Aug'26, declined to USD84.90 per barrel and USD79.44 per barrel, respectively. Currently, the market remained on edge as the US continued to launch a wave of strikes against Iran for a fifth straight night, with Iran’ Fars news agency said a connecting bridge between Bandar Abbas and Lar was hit by US attacks, yesterday.

Asian indices closed mixed yesterday; Nikkei (-2.79%), KOSPI (-6.37%), and Shanghai (-1.85%), and Hang Seng (+1.33%). While, JCI closed higher (+1.10%) with IDR1.22 tn net foreign inflows. Today, the JCI could close lower due to a potential rebound in USD vs IDR, and global oil prices due to renewed military action from US in the Middle East.

Regards, 
KBVS Research Team

 

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