Morning Chatter

KBVS MORNING CHATTER
Tuesday, 30 June 2026

Headline News:
•    BUMI – Divests 3.03% stake in CPM 
•    DEWA – To distribute IDR56.6 bn in dividends
•    BRPT - To disburse USD8.5 mn in dividends
•    HAJJ – 1Q26 net profit reaches IDR22.09 bn despite revenue decline
•    BLES – Records solid 1Q26 growth, stays optimistic for FY26F
•    FUTR - Shifts business focus to green energy
•    GPRA - To disburse IDR4.27 bn in dividends and plans rights issue
•    CHIP - Plans expansion to two new African countries
•    DEPO – To distribute IDR10.20 bn in dividends

Market Commentary:
U.S. markets closed higher on Monday (6/29), with DJIA (+0.59%), S&P 500 (+1.18%), and Nasdaq (+2.07%). The rally was led by strong performance in large-cap technology names, including Alphabet, which surged 5%, followed by Comcast, up 4.4%. Sentiment was also supported by geopolitical developments, as the U.S. and Iran reportedly agreed on Sunday to halt hostilities and allow commercial shipping to freely pass through the Strait of Hormuz, following a volatile weekend of military exchanges that had threatened negotiations. In financial markets, the U.S. 10-year Treasury yield edged up (+0.6 bps) to 4.378%, while the U.S. Dollar Index closed lower at 101.11.

In Europe, the Stoxx 600 ended broadly unchanged (+0.04%), as investors assessed the durability of the temporary peace agreement between the U.S. and Iran.

In commodities, Brent crude (+1.13%) to USD72.80 per barrel, while WTI (+ 2.19%) to USD70.75 per barrel. Gold and nickel edged lower by (-0.14%) and (-2.91%), respectively.

Asian markets mostly closed higher on June 29, with the Nikkei (+0.2%), Hang Seng (+1.6%), Shanghai (+1.2%), and Kospi (-0.2%). Jakarta Composite Index (JCI) fell (-1.28%), with foreign investors recording a net sell of IDR854.1 bn in the regular market and IDR27.4 bn in the negotiated market. Meanwhile, the rupiah slightly weakened to IDR17,848 against the U.S. dollar. We expect the JCI to rebound modestly today, supported by positive global and regional sentiment

Regards, 
KBVS Research Team

 

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