Morning Chatter

KBVS MORNING CHATTER
Thursday, 18 June 2026

Headline News:
•    IRSX – Partners with GOTO to expand world cup streaming distribution
•    INET – Tender offer for PADA' shares
•    WINE - To disburse IDR9.49 bn in dividends
•    COCO - Accelerates digital transformation and boosts capacity
•    CLPI – To disburse IDR52.2 bn in dividends
•    ELIT - Funding expansions from retained earnings
•    SSIA – Optimistic on resilience amid high interest rate
•    CAMP – Facing weak purchasing power and rupiah depreciation
•    ASSA – Targets conservative revenue growth of 5–10% yoy in FY26

Market Commentary:
US indices end in red with Dow fell -0.98% (-507.12pts), S&P500 declined -1.21% and Nasdaq drop -1.35% as investors reacted to the first Federal Reserve meeting led by new chair Kevin Warsh. While the Fed opted to hold interest rates steady in the 3.5% to 3.75% range, the mood on Wall Street quickly soured. Meanwhile benchmark indices in the EU region closed higher except CAC Index, while APAC market end mix.

From the commodity and FX market front, Oil prices tick up following Trump's warning to Iran. Gold dips as the Fed holds rates steady. Dollar strengthens as the Fed leaves interest rates unchanged.

On the domestic market, The Jakarta Composite Index down  -34.23(-0.55%) lower closed at 6,220.74. While waiting for the announcement of MSCI Annual Market Classification Review (23 Jun ‘26), investor will focus on key data update this week from interest decision and loan growth.

Regards, 
KBVS Research Team

 

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