Morning Chatter

KBVS MORNING CHATTER
Thursday, 15 January 2026

Headline News :
•    BREN - Share accumulation & new resources upside
•    PGEO - Lumut Balai Unit 3 development
•    UNVR – Exports Kecap Bango to Netherlands
•    AISA – Launched Taro–Pokémon brand collaboration
•    GPSO – Mandatory tender offer set at IDR436 per share

Market Commentary :
US equities closed lower yesterday, led by a 1.0% decline in the Nasdaq, as investors rotated out of technology and into defensive and value names. Bank stocks extended recent losses despite generally solid earnings, with profit-taking and sentiment weighed down by uncertainty surrounding President Trump’s proposed credit-card interest rate cap. Wells Fargo fell 4.6% on a profit miss, while Citi and Bank of America also declined despite beating estimates. 
The S&P500 fell 0.5%, the Dow was flat, and tech underperformed amid rotation away from expensive megacaps. Broadcom and Fortinet dropped on reports that China is restricting the use of certain US and Israel cybersecurity software. Energy stocks outperformed as oil prices rose on concerns over potential Iranian supply disruptions. 
Macro data were mixed but benign: US producer prices met expectations, retail sales surprised to the upside, and CPI was inline. The Fed rates are expected to remain on hold in 1H26, with markets pricing at least two Fed cuts by year-end. 
Asia-Pacific markets looked mixed on Thursday as investors awaited the Bank of Korea’s policy decision, with rates expected to be held at 2.50% amid won weakness. Japan and Hong Kong futures pointed to softer opens after recent gains, while Australia’s ASX200 edged higher. The JCI closed 0.94% higher at 9,032.58, with net foreign buying of IDR1.16 tn, led by ARCI, INCO, and ANTM.

Regards,
KBVS Research Team

 

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