Morning Chatter

KBVS MORNING CHATTER
Thursday, 7 May 2026

Headline News :
•    RATU – Acquiring a 100% ownership of SMS development
•    SAMF – 1Q26 revenue declined -19.0% yoy
•    ASRI – Net profit declined -41.7% yoy in 1Q26 
•    ECII – 1Q26 revenue grew 2.6% yoy
•    ULTJ – Posted a 35.89% yoy net profit growth in 1Q26
•    BJBR – Offers a 9.66% dividend yield 
•    WOOD – Expands export markets to Europe and the Middle East
•    YUPI – Declares interim dividend of IDR141.61 bn for FY25
•    MDKA – Plans for private placement

Market Commentary :
US equities closed higher on Wednesday (6/5); DJIA +1.24%, S&P 500 +1.46%, and the Nasdaq +2%,with both the S&P 500 and Nasdaq reaching record highs. The rally was driven by growing optimism that the US is nearing a memorandum agreement with Iran, which could restore trade flows through the Strait of Hormuz. On the earnings front, AMD surged +17.77% and Super Micro Computer jumped +24.5% following strong results, lifting sentiment across AI-related stocks including Nvidia (+5.5%), Intel (+4.22%), and Micron (+2.77%). Additionally, stronger-than-expected April ADP payroll data (109,000 jobs added vs. consensus of 84,000) reinforced expectations that the Fed may maintain its current policy stance, which markets interpreted as supportive for growth and risk assets. Meanwhile, the US 10-year Treasury yield declined -7.4bps to 4.352%, and the US Dollar Index weakened to 98.02 (-0.43%).
Expectations surrounding a potential US-Iran deal pushed oil prices sharply lower, with WTI falling -7.03% to USD95.08 per barrel and Brent declining -7.83% to USD101.27. In contrast, precious metals rallied strongly, with gold climbing nearly +2% to around USD4,630 per ounce. 
In Europe, the pan-European STOXX 600 surged +2.22% to 623.25, supported by optimism over the potential US-Iran agreement. Major indices across the region followed suit, with the FTSE 100 gaining +2.15%, the DAX rising +2.12%, and France’s CAC 40 advancing +2.9%.
Asian markets also closed mostly higher on Wednesday (6/5). South Korea’s Kospi jumped +6.45% to a record high of 7,384.56, Hong Kong’s Hang Seng gained +1%, and Australia’s S&P/ASX 200 increased +1.3% to 8,793.6. Indonesia’s JCI edged up +0.5% to 7,092.5, despite recording a net foreign outflow (regular + negotiated market) of IDR482.1bn. Today, the JCI is expected to extend its gains, supported by improved sentiment across global and regional markets.

Regards,
KBVS Research Team

 

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