Morning Chatter

KBVS MORNING CHATTER
Friday, 25 April 2025

Headline News :
•    BBTN - Earns profit of IDR904 bn in 1Q25
•    BSDE – Books IDR2.4 tn in 1Q25 presales, 24% of ’25 target
•    Oil – OPEC+ to discuss 411,000 bpd June output hike
•    GGRP – Moderate target for 2025
•    DRMA – Commissioner sold 400,000 shares
•    UNVR - Commits to maintain 100% dividend payout
•    GOOD - Allocates IDR1 tn capex to boost production and expand export markets
•    WOMF – Financing supported by multipurpose products
•    GIAA - Prepares 13 aircraft for hajj operations
•    Coal - No early retirement in 2025–2034 RUPTL

Market Commentary :
US indices closed higher on Thursday (24/04); DJIA (+1.23%), S&P 500 (+2.03%) and IXIC (+2.74%), driven by technology shares as investors parsed a mixed bag of corporate earnings and watched for signs of progress in the US-China tariff stand-off. While, US labor market reported that its weekly initial jobless claims was at 222k or in-line with market' anticipation. Thus, USD index and US 10-Y bond yield was down to 99.02 and 4.309%, respectively yesterday.
In Europe, STOXX600 closed higher (+0.4%) yesterday, boosted by automakers and materials stocks, as the market digested a mixed set of corporate earnings and evaluated the ever-shifting US trade rhetoric. On commodity, both Brent Oil and US WTI rose to USD66.55 /barrel and USD62.79 /barrel, as the market reassessed a planned pause in sweeping US tariffs and the focus shifted to a deepening trade war between US and China. 
Yesterday, indices in Asia closed mixed, and JCI closed 0.32% lower, with around IDR514.7 bn net foreign outflow. Today, JCI could end lower due to weakening of IDR, amidst geopolitical and economic uncertainties.

Regards, 
KBVS Research Team

 

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