Morning Chatter

KBVS MORNING CHATTER
Monday, 01 December 2025

Headline News :
•    CLEO - Sales growth outpaces industry despite decline in net profit
•    FAST - To be profitable in 2026
•    DVLA – 9M25 profit grew 11.5% yoy; expands into medical devices
•    UNTR – Agincourt Resources clarifies landslides not caused by operations
•    RAFI – To expand agrifood and livestock business as key revenue drivers
•    DRMA – Acquires 82% stake in Mah Sing Indonesia
•    BNBR – Completed acquisition of Cimanggis–Cibitung Toll Road
•    FUJI – John Raegen increases shareholding
•    BIRD - Expands into Surakarta to capture rising demand
•    Metal - Silver may enter DMO scheme

Market Commentary :
The commencement of the final trading month of the year sees U.S. equity futures holding near the flatline, a testament to the prevailing caution among market participants following a complex November. Traders appear to be taking a reflective pause, assessing the complex tapestry of economic data and central bank signals that will define the year's closing weeks, including the pivotal FOMC and CPI reports later this month.
European markets closed their prior session on a high note, delivering a much-needed lift after navigating a choppy month of trading. This resilience suggests underlying optimism, or perhaps simply technical relief, in the face of ongoing economic uncertainties, including uneven Eurozone growth and persistent inflation concerns in certain sectors.
Persistent concerns over a structural global oversupply extending into 2026, coupled with a cautious outlook on global demand tied to an uneven economic recovery, continue to cap upside potential. Geopolitical instability, particularly in key production regions, and the OPEC+ coalition's commitment to supply management and output restraint (or pausing further increases) act as a strong buffer against a significant price collapse. The stability suggests that the current price range has become the near-term consensus for market equilibrium.
The Asia-Pacific region presented a mixed picture, with indices reacting heterogeneously to fresh local data. The Jakarta Composite Index closed -37.16 (-0.43%) to 8,508.71. Closest key economic metrics will come from export, import and, foreign reserve and inflation.

Regards, 
KBVS Research Team

 

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