Morning Chatter

KBVS MORNING CHATTER
Monday, 15 June 2026

Headline News:
•    BMRI – Net profit grew +18.64% YoY in 5M26
•    ADES - Enters the gummy candy market
•    LAJU - Appoints new management and disburses dividends
•    CGAS – Plans expansion into LNG business
•    BYAN – To disburse USD500 mn in dividends
•    SMGR – Ramp-up US cement export
•    MKAP – Targets additional revenue of IDR442.25 bn by 2030
•    IPCC – Develops integrated vehicle logistics ecosystem in FY26
•    AVIA - Continues expansion strategy
•    TOTL – Secures IDR2.6 tn of new contracts
•    ASSA – Expanding into IT sector

Market Commentary:
Wall Street brushed off recent gloom on Friday, ending the week on a high note as excitement over SpaceX's market debut electrified trading floors. The S&P 500 gained 0.5% to close at 7,431.46, the tech-heavy Nasdaq added 0.31% to finish at 25,888.84, and the Dow jumped over 350 points (+0.7%) to settle at 51,202.26. Beyond the SpaceX, the biggest sentiment booster was growing optimism around a potential peace deal between the US and Iran. This geopolitical thaw sent the VIX fear gauge tumbling 9.05% to 17.68, while European bourses broadly followed New York's upward march.

In commodities, US crude fell below USD85 a barrel as headlines suggested Washington and Tehran are close to an agreement to fully reopen the strategic Strait of Hormuz. Elsewhere, Gold headed for its second weekly loss under the weight of lingering rate-hike expectations, while the US Dollar steadied but still locked in a weekly loss due to the progress in Iran peace talks.

Asian markets went on a tear, cheered by the easing of Middle East tensions which had spiked energy costs earlier in the week. South Korea’s KOSPI stole the show with an explosive +4.63% surge to 8,123.62, propelled by a violent short-squeeze and recovery in chipmakers. The Nikkei 225 wasn't far behind, rallying 2.81%, while Chinese equities also joined the party with the Shanghai Composite and Hang Seng gaining 1.12% and 1.93% respectively.

Back home, the Jakarta Composite Index (JCI) finally caught a break, climbing +2.07% to reclaim the key psychological level at 6,007.66. Investors actively bought the dip, driven by a cocktail of supportive domestic headlines: (1) parliament’s aggressive push for SOE (BUMN) share buybacks, (2) speculation surrounding a potential halving of the KDMP target from 80k to 40k and (3) Bank Indonesia’s surprise rate hike, which, while aggressive, signaled a strong commitment to stabilizing the Rupiah and restoring market confidence.

Momentum is tilting back to the bulls, and we expect the JCI to maintain its upward trajectory today. However, the real test comes later this week. Traders will be micro-analyzing a flurry of local data, including May26 loan growth, the central bank's official rate decision, money supply figures, and the upcoming 2Q26 bank earnings, all serving as a prelude to the following week's highly anticipated MSCI Annual Market Classification Review.

Regards, 
KBVS Research Team

 

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