Morning Chatter

KBVS MORNING CHATTER
Wednesday, 17 June 2026

Headline News:
•    NPGF – Booking +109% YoY growth in sales in 1Q26
•    EMAS –  A IDR2.87 tn contract for Hulawa tailings facility
•    IDEA – Partners with Binawan and Vokati to expand overseas workforce placement
•    TOTL – Rupiah depreciation pressures construction costs
•    DMAS – To disburse IDR795 bn in dividends
•    SOLA – Targets a  IDR412.6 bn in revenue for FY26
•    KAEF – Targets elderly consumer segment
•    BAJA - To raise IDR450 bn via rights issue
•    MBMA – To buyback up to 1.548 bn shares
•    BTEK - Targets premium cocoa market for recovery

Market Commentary:
US equities closed mostly lower on Tuesday (16/6); DJIA +0.64% to end the session at record close, S&P 500 -0.57%, and Nasdaq -1.15%, as investors rotated out from chipmakers and other tech stocks into cyclical stocks amid declining oil prices, with Broadcom, Micron, and Advanced Micro Devices each falling by more than 3%. Meanwhile, the US Treasury 10Y yield declined -3 bps to 4.44% as declining oil prices and expectations of easing inflationary pressures boosted demand for government bonds.  while the US Dollar Index (DXY) dipped -0.08% to 99.56.

In commodity markets, Brent crude futures fell -5.06% to USD78.96 per barrel, and WTI crude lost -5.82% to USD76.05 per barrel, the first time both settling under USD80 per barrel since early March. The decline occurred on the heels of President Donald Trump announcing that the U.S. and Iran had reached a deal to end the war in the Middle East. Pakistani Prime Minister Shehbaz Sharif said that both sides have declared the termination of their military operations on all fronts, with an official signing ceremony to take place this Friday in Switzerland. Trump also stated that the Strait of Hormuz would reopen on Friday, and will remain toll-free for the long-term.

European markets also gained steam as investors remained hopeful about the US and Iran signing a peace deal this week. The STOXX 600 rose +0.25%, the UK's FTSE 100 went up +0.61%, and Germany's DAX edged up +0.07%. On the macroeconomic front,  Centre for European Economic Research (ZEW) stated that Germany's ZEW Indicator of Economic Sentiment rose 20.7 points to 10.5 in June, its first positive reading since the war in the Middle East shook confidence in March, and beat market expectations of -6.

Asian equity markets closed mostly higher on Tuesday;  Nikkei 225 hit an intraday high and ended the day +0.13% higher, the Kospi jumped +2.11%, while the Hang Seng dropped -1.64%. The JCI booked another rally on its last trading day, surging +4.12% to 6,255 despite net foreign outflow of IDR105.9 bn. Looking ahead, the JCI is likely to move up today, amid positive global market sentiment and declining oil prices.

Regards, 
KBVS Research Team

 

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