Morning Chatter

KBVS MORNING CHATTER
Wednesday, 24 December 2025

Headline News :
•    RATU - Injects IDR127.5 bn into subsidiary Raharja Energi Madura
•    SMGR – Strategy to address business challenges
•    CSRA – Expansion in South Sumatra
•    ULTJ – MBG participation seen as long-term branding, no near-term earnings impact
•    INAF – Awaiting Danantara's funding to improve financial position
•    MEJA – To Acquire 45% of Trimata Coal Perkasa for IDR1.6 tn
•    NELY – Considers fleet expansion amid industry normalization

Market Commentary :
U.S. equities closed higher on Tuesday (Dow +0.16%, S&P 500 +0.45%, Nasdaq +0.57%), supported by stronger-than-expected U.S. economic data. The U.S. economy expanded faster than anticipated in the third quarter, driven by resilient consumer spending. Meanwhile, the U.S. 10-year Treasury yield rose +0.2 bps (+0.05%) to 4.16%, while the USD Index edged down -0.37% to 97.90.

Commodities closed stronger: coal +0.33% to USD105.9/ton; CPO +1.23% to MYR4,036/ton; Brent oil +0.73% to USD62.49/bbl; and gold +1.01% to USD4,489/oz. 

Asian markets closed mostly higher on Tuesday (Kospi +0.3%, Nikkei +0.02%, Hang Seng -0.11%, Shanghai +0.07%). Meanwhile, the JCI lowered -0.17% to 8,548, led by DSSA, BBCA, and BRPT, while foreign investors recorded net outflows of IDR852.9 bn, with BUMI, BBCA, and INET among the top net sells.

Asian markets opened higher on Wednesday (Kospi +0.21%, Nikkei +0.39%). We expect the JCI to trade sideways despite positive regional and global sentiment, as investors remain cautious ahead of the long holiday break.

 

Regards,
KBVS Research Team

 

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