Morning Chatter

KBVS MORNING CHATTER
Friday, 24 April 2026

Headline News :
•    BBCA - Posts profit of IDR14.7 tn in 1Q26
•    TINS – A 5.41% yoy net profit growth in FY25
•    TRIS – To disburse an IDR31.0 bn cash dividend
•    PRDA – A IDR150 bn capex in 2026
•    GOOD – Targets a double-digit growth in 2026
•    PTRO - Investment in Tolu Minerals
•    HEAL - To distribute IDR207 bn in FY25 dividends
•    SMBC – Disburses an IDR101.0 bn cash dividend
•    PGEO – To disburse USD123.9 mn in dividend

Market Commentary :
US indices closed lower yesterday (23/04); DJIA (-0.36%), S&P 500 (-0.41%) and IXIC (-0.89%) as hopes dimmed for a quick end to the war in the Middle East, while the market struggled with a mixed bag of earnings reports as concerns resurfaced about AI-driven disruption across the technology sector. While, the US labor market reported that its weekly initial jobless claims were higher than anticipated at 214k (vs 211k). Thus, both USD index and US 10-Y bond yield rose to 98.70 and 4.32%, yesterday. 
In Europe, the STOXX 600 closed sideways (+0.05%) yesterday, amid rising tensions in the Middle East. On economy, EU, France, Germany and UK released their manufacturing and services (composite) Purchasing Managers Index (PMI) for Apr'26, yesterday; EU (48.6), France (47.6) and Germany (48.3), which were below market' expectation. Yet, only UK (52) that came above market' expectation. In commodities, oil prices moved higher yesterday, with Brent crude and US WTI rising to USD105.1 per barrel and USD95.8 per barrel, respectively, as rising tensions in the Middle East after Iran attacked three ships (seized two of them) near the Strait of Hormuz, in response to an ongoing American blockade of Iranian ports and coast. 
Most indices in Asia closed lower yesterday, including JCI (-2.16%) with IDR978.65 bn net foreign outflows. Today, the JCI could continue to close lower due to stronger USD vs IDR and higher global oil prices, amidst the geopolitical tensions in the Middle East.

Regards,
KBVS Research Team

 

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