Morning Chatter

KBVS MORNING CHATTER
Thursday, 9 April 2026

Headline News :
•    ANTM - Record FY25 profit, next driver: EV battery value chain
•    INCO - Posts steady FY25, key re-rating catalyst: Pomala HPAL 
•    ADMF – To disburse IDR772.37 bn in cash dividends for FY25
•    SGRO – Targets 5% yoy production growth in 2026
•    CHEK – Genomic sequencing line grew 136% yoy in FY25
•    BIPI – Acquires 20% stake in two green energy companies
•    INTP – Completed a share buyback program with IDR437.87 bn realization
•    MPPA – Sells 99.9% stake in Super Ekonomi Ritelindo for IDR61.65 bn
•    RMKO – Securing shareholder approval to issue 512 mn new shares

Market Commentary :
US equities rallied sharply following a two-week US–Iran ceasefire that alleviated geopolitical and oil supply concerns. The Dow rose +2.9%, S&P500 gained +2.5% and Nasdaq advanced +2.8%. The rally was broad-based, with eight of eleven sectors rising more than +2%, led by industrials, while semiconductors outperformed. Reopening-sensitive segments (airlines, travel, and homebuilders) rebounded strongly, whereas energy lagged (-3.7%) inline with falling oil prices. 
The relief extended globally, with European equities (+3.9%) and MSCI World (+3%) posting their strongest gains in a year. Meanwhile, the VIX declined to its lowest level since the conflict began, reflecting easing risk premium. 
Despite the improvement in sentiment, Fed minutes suggest a more cautious policy outlook, with policymakers highlighting lingering inflation risks from prior oil shocks. Near term, markets are likely to be driven by the durability of the ceasefire and the direction of oil prices. 
Oil prices fell sharply (WTI -16% to USD94.4/bbl; Brent -13% to USD94.8/bbl) as the ceasefire reduced immediate supply disruption risks around the Strait of Hormuz. 
Today, Asian markets are set to open modestly higher, tracking the improved global risk tone. Futures indicate a firmer open across Japan, Hong Kong and Australia. Yesterday, JCI rose 4.42% to 7,279.21, supported by gains in BBCA, AMMN and BBRI. Foreign investors recorded a net buy of IDR632.9 bn, with inflows concentrated in BBNI, AADI and BRMS.

Regards,
KBVS Research Team

 

Please click download button below for full report.

Download