Morning Chatter

KBVS MORNING CHATTER
Tuesday, 14 July 2026

Headline News:
•    TOTL - Strengthens efficiency strategies to mitigate Rupiah volatility
•    BWPT - Fully repays IDR38.30 bn Mudharabah Sukuk using internal cash
•    MRAT – Optimistic on beauty industry growth in FY26
•    SMCB – Liquidates indirect subsidiary
•    VICI - Posts 11.9% YoY revenue growth in 1Q26
•    RMKE – Executes 1:5 stock split
•    LTLS – Strengthens sustainable business transformation
•    ARCI – Reports 1H26 exploration update with USD5.6 mn spending
•    TRUE - Partners with BNET on digital infrastructure at District East Karawang

Market Commentary:
U.S. markets closed lower on Monday’s (7/13), with DJIA (-0.26%), S&P 500 (-0.79%), and Nasdaq (-1.55%). The drop was driven by President Donald Trump announcing the reinstatement of a blockade on Iranian shipping through the Strait of Hormuz, restricting Iranian vessels and customers from entering or exiting. On the economic front, the U.S. is awaiting June inflation rate data today, with consensus at 4.2%. In financial markets, the U.S. 10-year Treasury yield rose 6.4 bps to 4.62%, while the U.S. Dollar Index strengthened to 101.235.

In Europe, the Stoxx 600 ended broadly flat at -0.01%, as investors remained cautious over escalating tensions in the Middle East and awaited upcoming corporate earnings reports that could provide new momentum.

In commodities, heightened geopolitical risk lifted WTI crude (+9.23%) to USD 78 per barrel and Brent crude (+9.45%) to USD 83.2 per barrel. Nickel and coal also rose (+0.27%) and (+0.08%), respectively, while gold declined (-2.63%).

Asian markets mostly closed lower on (7/13), with the Nikkei (-1.9%), Shanghai (-2.1%), Kospi (-8.9%), and Hang Seng (+0.2%). The Jakarta Composite Index (JCI) rose (+1.9%) to 6,038, supported by S&P Global maintaining a stable outlook for Indonesia. Foreign investors recorded a net sell of IDR412.5 bn in the regular market and IDR25.1 bn in the negotiated market. Meanwhile, the rupiah weakened 0.3% to IDR 18,105 against the U.S. dollar. Today, we expect the JCI to move slightly lower, following global and regional market movement.

Regards, 
KBVS Research Team

 

Please click download button below for full report.

Download