Morning Chatter

KBVS MORNING CHATTER
Friday, 10 July 2026

Headline News :
•    NCKL – Spent IDR15.2 bn for exploration
•    FORE - Executes intra-group lease transfer between subsidiaries
•    BIRD - Co-founder absorbs stake from departing commissioner
•    SKBM - Multi Karya Sejati takes majority control
•    MMIX – Partners with KOKARMINA to supply Hermina hospitals
•    MDIY – To distribute maiden IDR443.9 bn cash dividend
•    SOCI - Establishes new shipping subsidiary
•    EAST - Room occupancy nears 100% during 2026 school holidays
•    PEGE - Executes IDR94.45 bn rights issue
•    COCO – Completed Momogi Group acquisition

Market Commentary :
US indices closed higher yesterday (09/07); DJIA (+0.27%), S&P 500 (+0.81%) and IXIC (+1.30%), driven by the Financials, Industrials and Technology sectors as chip stocks extended a rebound amid several developments across the sector. Moreover, the latest report stated that China could allow domestic AI firms limited access to AI leader Nvidia’ H200 chips, and following reports that SK Hynix’ forthcoming USD28 bn US share listing was more than seven times oversubscribed. Thus, the AI' euphoria appears to have outweighed concerns over escalating geopolitical risks. On US labor market, the US labor dept reported that its weekly initial jobless claims were better than anticipated at 215k (vs 218k). Thus, US 10-Y bond yield and USD index was down to 4.547%, and 100.94, yesterday.
In Europe, the STOXX 600 closed higher (+0.80%) yesterday driven by rallies in chip stocks, despite with rising tensions in the Middle East. On economy, Germany recorded EUR19.1 bn trade surplus in May'26 or above market' expectation (EUR14.9 bn) as the country' exports grew 0.9% mom in May'26 or above market' expectation (-0.3% mom), with its imports declined 2.5% mom (vs +0.1% mom). In commodities, oil prices fell yesterday, despite with renewed military action between US and Iran, as the market view that the risk of oil supply disruptions is not as severe as previously feared. Moreover, US President Donald Trump stated that Iran had reached out and wanted to make a deal after the US launched fresh strikes to Iran, recently. Thus, both Brent crude oil and US WTI oil, declined to USD76.05 per barrel and USD71.83 per barrel, respectively yesterday.
Most indices in Asia closed higher yesterday; Nikkei (+1.38%), KOSPI (+0.62%), and Shanghai (+1.65%), but Hang Seng closed lower (-0.70%). While, JCI closed higher (+0.67%) but with IDR259.36 bn net foreign outflows. Today, the JCI could close lower due to ongoing foreign outflows with stronger USD vs IDR, and a potential rebound in global oil prices due to renewed military action in the Middle East.

Regards,
KBVS Research Team

 

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