Morning Chatter

KBVS MORNING CHATTER
Thursday, 18 December 2025

Headline News :
•    GOTO - Hans Patuwo to replace Sugito Walujo as president director
•    PTBA – Approves amendments to articles of association and 2026 RKAP delegation
•    PGEO - Lahendong geothermal project adds 50MW capacity
•    SILO – A new capital injection from parent company
•    AMRT – 4Q25F sales growth on Nataru festivities
•    BLOG – Operates cold storage facility in Bandung
•    RAFI – Cleared from bankruptcy proceedings
•    MAPA – Expanding golf house to support golf retail growth
•    MUTU – To conduct private placement of 314.28 mn shares
•    WINE – Optimistic 2026 outlook on Bali tourism recovery and facility expansion
•    JSMR – Adds SPKLU charging stations ahead of Nataru festivities
•    SIDO – Export expansion supports long-term growth

Market Commentary :
S&P futures remain essentially range-bound, as investors adopt a posture of vigilance ahead of the impending inflation report. This data is widely regarded as the primary arbiter for the Federal Reserve’s terminal rate trajectory. Conversely, the London bourse has emerged as a beacon of strength within the European theatre. Buoyed by a marked deceleration in the UK inflation rate—which cooled more than analysts had anticipated—the FTSE 100 has outperformed its continental peers, signaling renewed confidence in a dovish pivot by the Bank of England.
Crude oil staged a dramatic recovery from its most depressed levels since 2021, a direct consequence of a naval blockade ordered by the Trump administration against Venezuelan tankers.  The commodities complex witnessed a historic milestone as Silver ascended beyond the $66 threshold for the first time in history. This rally is underpinned by a broader flight to hard assets, mirrored by Gold’s 1% appreciation. The catalyst for this bullish sentiment in metals appears to be a perceptible softening in the U.S. labor market, which has fueled speculation of a more accommodative monetary path.
Asian markets have largely retrenched, suffering under the weight of a persistent rotation away from the technology sector. This "de-risking" trend is compounded by a palpable sense of trepidation as the global community awaits a formal address from President Trump, which is expected to clarify the administration’s trade and foreign policy objectives.
The JCI settled marginally lower, retreating 0.11% to close at 8,677.34. Market focus in the region remains tethered to domestic fundamentals. Investors are awaiting the Nov25 car sales data, a critical proxy for domestic consumer resilience. This data will be interpreted through the lens of recent interest rate decisions and the underlying trajectory of loan growth within the archipelago.

Regards,
KBVS Research Team

 

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