Morning Chatter

KBVS MORNING CHATTER
Wednesday, 22 April 2026

Headline News :
•    BMRI - Posts profit of IDR15 tn in 1Q26
•    AUTO – Launched premium KYB suspension products
•    KEJU – Prepares massive business expansion in 2026
•    UVCR – Accelerates digital voucher and loyalty adoption
•    ADHI - Secures IDR4.72 tn in new contracts during 1Q26
•    ESSA – Halts ammonia plant for scheduled maintenance
•    ALII – Securing IDR494.5 bn loan from BRI
•    Oil & Gas – Significant gas discovery in East Kalimantan

Market Commentary :
US stock indices closed lower on Tuesday (21/4); Dow -0.59%, S&P 500 -0.63%, and Nasdaq -0.59%, as investors grew concerned that a deal between the U.S. and Iran would not be struck ahead of a ceasefire that’s set to expire Wednesday, amid reports that Vice President JD Vance’s trip to join peace negotiations was paused because of a lack of commitment from Iran.  
The same nervousness was also apparent in the European markets, with Stoxx 600 falling 0.87%, giving up its earlier gains. In the commodity market, Brent oil went from less than USD95 to USD100 per barrel during the day, before settling at USD98. 
Most Asian markets closed higher on Tuesday, while JCI fell 0.46% to 7.559 despite foreign net inflow of IDR243.2 bn in the regular market and IDR230.7 bn in the negotiated market. Today, we expect JCI to decline further amid negative sentiment from global markets and MSCI-related uncertainty.

Regards,
KBVS Research Team

 

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