Morning Chatter

KBVS MORNING CHATTER
Monday, 30 March 2026

Headline News :
•    BBNI - Profit reaches IDR3.41 tn in Feb26
•    BBTN - Industry mortgage growth slows, BBTN chooses selectively to maintain quality
•    RALS – Net profit declined 15.52% yoy in FY25
•    CSRA – To acquire new land in 2026
•    GOLF – The New Kuta Golf Bali project as the main revenue driver
•    HERO – IKEA Indonesia operations remain stable despite global layoffs
•    GOOD – Shielding operations from the US-Iran crossfire
•    SRAJ – Net loss widened to IDR199 bn in FY25 due to higher operating expenses
•    ATIC – Jonan steps down ahead of a crucial rights issue

Market Commentary :
The Dow Jones Industrial Average took a dive, shedding -793.47 points (-1.73%) points ongoing worries about escalating tensions in the Middle East. Simultaneously, the S&P 500 saw its fifth straight week of declines. As investors scrambled, the VIX—the market's "fear gauge"—surged over 13% to close at 31.05, signaling high anxiety about what's coming next. Across the Atlantic, European markets also ended the day in the red as traders kept a close eye on the G7 summit and President Trump’s decision to temporarily hold off on strikes against Iran.
Oil prices just hit their highest point since 2022, fueled by the realization that negotiations with Iran aren't doing much to calm fears about a supply shortage. Meanwhile, gold surged over 3% as investors rushed to buy the dip, looking for a "safe haven" while tensions in the Middle East continue to simmer. The U.S. dollar is also flexxing its muscles, especially against the yen. On Friday, it crossed the 160-yen mark for the first time in nearly two years—the same level that previously forced Japanese officials to step in and save their currency from a total freefall.
Asia’s markets are looking a bit shaky right now, as investors stay on edge over the flickering hopes of a U.S.-Iran peace deal. Meanwhile, the Jakarta Composite Index (JCI) is still stuck in a rut. It closed down another 67.03 points (-0.94%), landing at 7,097.06. Between the constant global uncertainty and the heat turning up in the Middle East, there just hasn't been much for local investors to cheer about. All eyes are now on a busy week of data. Market will be watching for data updates on: money supply, S&P global manufacturing PMI, exports & imports figure, inflation rate, and tourist arrivals.

Regards,
KBVS Research Team

 

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