Morning Chatter

KBVS MORNING CHATTER
Tuesday, 23 June 2026

Headline News:
•    BBNI - Profit Reaches IDR9 tn, grows +7% yoy Until May ‘26
•    CFIN - To distribute special dividend of IDR50/share, yield at 13.5%
•    MBTO - Expects a turnaround and return to profits in FY26
•    SAMF – To disburse IDR107.6 bn in dividends
•    CUAN – Secures funds to repay IDR150 bn of bonds and sukuk
•    DMMX - To disburse IDR39.9 bn in dividends
•    CLEO - To disburse IDR60 bn in dividends
•    DSFI - Plans export expansion to Canada, China, and the Middle East
•    GPSO – Plans private placement and asset acquisition
•    MDIY – Outpaces the Nation’s retail sales growth in 1Q26
•    BWPT – Ready to redeem IDR37.29 bn of Sukuk Mudharabah

Market Commentary:
U.S. markets closed mixed (6/22), with DJIA (+0.29%), while S&P 500 and Nasdaq declined (-0.37%) and (-1.32%), respectively. The weakness was mainly driven by a pullback in technology stocks. Investors also continued to monitor developments surrounding U.S.-Iran negotiations after mediators from Qatar and Pakistan stated that the U.S. and Iran had agreed on a roadmap to reach a final agreement within 60 days. On the macro front, investors are awaiting the release of the U.S. PPI inflation data, one of the indicators closely watched by the Federal Reserve in assessing interest rate expectations. Meanwhile, the U.S. 10-year Treasury yield rose 24 bps to 4.51%, while the U.S. Dollar Index strengthened to 100.998.

In Europe, the Stoxx 600 closed (+0.6%) higher as investors assessed the latest round of U.S.-Iran negotiations, which signaled progress toward the resumption of shipping through the Strait of Hormuz. Market sentiment was also supported by the resignation of U.K. Prime Minister Keir Starmer.

In the commodities market, Brent crude fell (-2.63%) to USD 77.9 per barrel, while WTI crude declined (-3.50%) to USD 73.86 per barrel. Meanwhile, gold gained (+0.27%), nickel rose (+0.88%), and CPO increased (+1.06%).

Asian markets mostly closed higher yesterday (6/22), although the Jakarta Composite Index (JCI) fell (-0.98%) to 6,116.7. Foreign investors recorded a net sell of IDR1.11 tn in the regular market and IDR2.9 bn in the negotiated market. Meanwhile, the IDR weakened 0.2% to IDR17,832 against the U.S. dollar. We expect the JCI to remain under pressure today amid mixed global and regional sentiment. Investors are also awaiting the MSCI Indonesia review announcement, while Bank Indonesia is scheduled to hold its weekly meeting today

Regards, 
KBVS Research Team

 

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