Morning Chatter

KBVS MORNING CHATTER
Friday, 10 April 2026

Headline News :
•    Banking - Risk of banking credit default remains high 
•    DSSA - Officially conducts 1:25 stock split
•    PTRO - Accelerates expansion, forms offshore oil and gas business
•    AVIA - Decides to distribute dividends of IDR1.36 tn
•    OCBC - Sets dividend at IDR 45 per share, down 57.6%
•    DVLA – Targeting above-average growth in FY26
•    ADHI – Net loss widened by 6,127% yoy in FY25
•    ABMM – To maximize production from new mines in 2026
•    ARKO - Secured a 30 years deal with PLN
•    AISA – To eliminate accumulated deficit through quasi-reorganization
•    UNTR – Affiliate entity resumes mining operations following government investigation
•    Banking - OJK prepares RBB regulation revisions
•    Automotive - Indonesian automotive market is starting to shift to EVs
•    Oil and Gas - Indonesia plans major investments in national EVs and biojet fuel
•    CPO - Indonesia allocates 5.3 mn tons of CPO for B50 biodiesel

Market Commentary :
US indices closed higher yesterday (09/04); DJIA (+0.58%), S&P 500 (+0.62%) and IXIC (+0.83%) after Israel' Prime Minister, Benjamin Netanyahu said that he wanted Israel to begin peace talks with Lebanon, but still insisted to disarm Hezbollah, which is linked to Iran. Prior to his statement, Israel conducted military strikes on Lebanon, resulting in significant casualties, shortly after the US and Iran had agreed to a 2 week ceasefire. Note that, the US has reportedly agreed to Iran’ 10 point proposal, which includes provisions related to the protection of Hezbollah in Lebanon. Back in US, the country reported that its Personal Consumption Expenditure (PCE) price index and core PCE grew 2.8% yoy/0.4% mom and 3% yoy/0.4% mom, respectively in Feb'26 or inline with market' expectation. While, the US labor market reported that its weekly initial jobless claims was higher than anticipated at 219k (vs 210k). Thus, both USD index and US 10-Y bond yield fell to 98.83, and 4.289%, respectively, yesterday. Now, the market is waiting for US CPI data that will be released later today and more good news from the Middle East. 
In Europe, the STOXX 600 closed 0.15% lower yesterday, primarily driven by Israel’ attack on Lebanon, which Iran claims violated the ceasefire agreement previously reached with the US. In commodities, oil prices moved higher, with Brent crude and US WTI rising to USD95.92 per barrel and USD97.89 per barrel, respectively, as the Strait of Hormuz remained closed following Israel’ attack on Lebanon. 
Most Asian indices closed lower yesterday. While, JCI closed higher (+0.39%), albeit with IDR1.74 tn net foreign outflows. Today, the JCI could close lower due to a rebound in USD and higher global oil prices, amidst the geopolitical tensions in the Middle East.

Regards,
KBVS Research Team

 

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