Morning Chatter

KBVS MORNING CHATTER
Friday, 28 November 2025

Headline News :
•    TINS - Danantara funding plan
•    PGEO - President director resigns
•    INDY - Accelerating Awak Mas Gold Project to offset coal pressure
•    KRYA – Divests subsidiary to focus on EV business
•    PBID – Targets 10% sales growth in 2026 by focusing on traditional markets and MSMEs
•    PJHB – Building its first vessel
•    GIAA - Merger talks with Pelita Air still ongoing
•    CMPP – AirAsia Indonesia sets aggressive expansion strategy for 2026
•    KLBF – 9M25 net profit up 10.6% yoy; eyes higher dividend ratio
•    VOKS – Targeting 15% yoy revenue growth in 2025

Market Commentary :
US indices was closed on Thursday (27/11) for Thanksgiving holiday. The USD index rose 0.05% to 99.58, but was down 0.6% on a weekly basis. The index could decline further, if the US economic adviser Kevin Hassett is appointed as the next Fed' chair, and the market knows that he is an advocate for rate cuts.
In Europe, the STOXX600 ended 0.12% higher yesterday, driven by gains in automobile and F&B stocks. The market' hope for US interest rate cut next month, is rising, supported by US economic data pointing to a weakening economy and the progress towards a Russia-Ukraine peace deal also contributed to the upbeat sentiment so far this week. While, major regional bourses were mixed; London’s FTSE 100 was flat yesterday after the autumn budget was announced, but Germany’s DAX was up 0.2%. On EU economic data; its Consumer Confidence Index (CCI) remained at -14.2 in Nov'25, while EU' consumer inflation expectation rose to 23.1 (vs 21.9 prior). On commodity, global oil prices were stable yesterday, with Brent crude futures expiring in Jan'26 was 0.1% higher at USD62.64 per barrel, while US WTI edged up 0.3% to USD58.81 per barrel.
Indices in Asia closed mixed yesterday, and JCI closed 0.65% lower, with IDR283.93 bn net foreign outflow. Today, the JCI could continue to close lower due to a potential rebound in USD and higher global oil prices, despite toned-down geopolitical uncertainties.

Regards,
KBVS Research Team

 

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