Morning Chatter
KBVS MORNING CHATTER
Friday, 27 March 2026
Headline News :
• IGAR – Net profit grew 18.87% yoy in FY25
• TAPG – CPO production grew 4% yoy in FY25 on higher processed FFB
• MTDL – Net profit grew 10.0% yoy in FY25
• EMTK – Net profit grew significantly to IDR6.78 tn in FY25
• UNTR – Subsidiary sanctions lifted, resumes Martabe gold mine operations
• TPIA – Records a massive turnaround with USD1.49 bn net profit in FY25
• IPCC – Net profit reached an all-time high of IDR256.51 bn in FY25
Market Commentary :
US indices closed lower yesterday (26/03); DJIA (-1.01%), S&P 500 (-1.74%) and IXIC (-2.38%) as the conflict in Middle East continues, which again pushes oil prices higher with higher concerns about inflation that could slow economic growth. US has demanded that Iran reopen the strait of Hormuz immediately and has sent a 15 point peace proposal via Pakistan as Iran has rejected direct talks with US. Moreover, US President Donald Trump has stated that he will pause attacks on Iranian energy infrastructure for 10 days. Meanwhile, Iran' initial response to US' proposal was that it is one sided and Iran plans to send a counterproposal to US. Back in US, the US labor market reported that its weekly initial jobless claims was better than anticipated at 210k (vs 211k). Thus, both USD index and US 10-Y bond yield were closed higher to 99.71, and 4.411%, respectively, yesterday.
In Europe, the STOXX 600 closed 1.13% lower yesterday, mainly due to the ongoing war in the Middle East. The good news is that, US allies in NATO had refused US' request to join the war. On commodities, both Brent crude futures and US WTI rose to USD107.22 per barrel and USD93.42 per barrel, respectively yesterday for contract expiring in May'26.
Most indices in Asia closed lower yesterday, including JCI (-1.89%) with IDR20.71 tn net foreign outflow. Today, the JCI could continue to close lower due to a stronger USD and higher global oil prices, amid the ongoing conflict in the Middle East.
Regards,
KBVS Research Team
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