Morning Chatter

 

KBVS MORNING CHATTER
Monday, 06 July 2026

Headline News:
•    TOBA – A USD23 mn contingent loan facility from BMRI
•    KRAS – Targets 10–15% revenue contribution from export market in FY26
•    AISA - Strengthens operational efficiency
•    MGLV - Signs binding agreement to acquire two data center entities
•    BMHS - Expands RSU Bunda Padang and introduces robotic surgery
•    KAEF – Reviews IDR2.2 tn arbitration ruling
•    MPPA - Acquires IDR780 bn in property assets from MLPL subsidiaries
•    ASLC – Established subsidiary for auction business
•    TAXI - Around 30% of revenue will be gone as GoTo terminates contract
•    AYLS - A strategic transformation into a holding company
•    TRIS – Allocates IDR15.0 bn to buyback shares

Market Commentary:
The Dow Jones Industrial Average hits record on Thursday +1.14% (+594.83pts) closed at 52,900.07, while S&P500 closed in green at 7,483.24 on a weaker June jobs report sparked a rally, signaling a cooling economy that could keep the Fed from hiking interest rates. NASDAQ and Nasdaq 100 lags (-0.80% and -1.61%) as tech took another beating as a relentless sell-off in chipmakers, AI giants, and high-fliers like Tesla stole the spotlight. While the rest of the market put up a decent fight, the heavy tech losses completely drowned out the broader gains. The VIX dipped 2.11% to a calm 15.81 before Friday’s Independence Day holiday closure. U.S. markets were closed on Friday for the Independence Day holiday

The benchmark STOXX 600 notched an intraday record high and its biggest weekly jump in over a month. Investors rotated out of expensive U.S. tech and into cheaper European cyclicals, financial, and utility stocks, easing AI bubble fears. APAC indexes closed higher across the board, lifted by a lukewarm U.S. payroll report that cooled Fed rate hike fears. Solid local PMI data confirming economic expansion and aggressive bargain-hunting in beaten-down tech and semiconductor shares further supercharged the Asian rally.

Oil prices rose as OPEC+ approved production increases, supported by rebounding export volumes through the critical Strait of Hormuz. Gold market headed for its first weekly gain in a month as investors bet the Fed will hold off on interest rate hikes. The U.S. Dollar suffered its sharpest weekly drop in nearly three months on delayed rate-hike expectations, giving the battered Japanese Yen some much-needed breathing room.

On domestic front, The Jakarta Composite Index jumped +131.22 points (+2.28%) to close at 5,875.78. Key domestic data releases to watch this week include car and motorcycle sales, retail sales, consumer confidence, and foreign exchange reserves.

Regards, 
KBVS Research Team

 

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