Morning Chatter

KBVS MORNING CHATTER
Friday, 27 February 2026

Headline News :
•    UNTR - Earnings declined 24% yoy in FY25
•    VOKS - Targets double-digit revenue growth on higher infrastructure demand
•    BIRD – Optimizing 25,000 fleet to anticipate Eid mobility surge
•    AVIA – Records IDR1.74 tn in net profit in 2025

Market Commentary :
US indices closed mixed yesterday (26/02); DJIA (+0.03%), S&P 500 (-0.54%) and IXIC (-1.18%) due to a heavy selloff in tech stocks despite good results and higher forecast for the next quarter from AI chipmaker Nvidia. US labor market reported that its weekly initial jobless claims was better than anticipated at 212k (vs 217k). Thus, both USD index and US 10-Y bond yield were down to 97.73, and 4.021%, respectively, yesterday. Later today, the US will release its Producer Price Index (PPI) data.
In Europe, the STOXX 600 closed 0.1% lower yesterday dragged down by healthcare and technology stocks as market concerns over newer AI models disrupting traditional businesses weighed on sentiment. Yet, the European Central Bank (ECB) President Christine Lagarde stated that AI integration is not yet causing a wave of layoffs due to greater automation of labour, amid concerns of disruptions in the labor force. At the same time, EU reported that its consumer confidence index (-12.2) improved in Feb'26 (vs -12.4 prior) or in-line with market expectations. In commodities, both Brent crude futures and US WTI rose up to USD71.11 per barrel and USD65.53 per barrel, respectively yesterday, despite positive progress in the third round of talks between US and Iran in Geneva regarding Iran' nuclear activities. Note that, an extended conflict could disrupt supplies from Iran, the third-biggest crude producer in the OPEC.
Asian indices closed mixed yesterday, while JCI closed lower (-1.04%), but with IDR341.26 bn net foreign inflow. Today, the JCI could continue to close lower due to stronger USD and higher global oil prices, amid easing geopolitical tensions.

Regards,
KBVS Research Team

 

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