Morning Chatter

KBVS MORNING CHATTER
Wednesday, 10 June 2026

Headline News :
•    MTDL – Target revenue to grow 10% yoy in 2026
•    GTSI – Wins LNG transportation contract from British Petroleum
•    SOFA – Subsidiary AEA signs share purchase agreement for Danantara's PSEL projects
•    IPCM – Allocates IDR74.0 bn capex for fleet expansion 
•    KIJA – To disburse IDR42.3 bn in dividends
•    ISSP - To disburse IDR20 per share in dividends
•    ESSA – Complete maintenance of Banggai ammonia plant
•    JSPT - To disburse IDR57.97 bn in dividends

Market Commentary :
US equities closed mostly lower on Tuesday (9/6), with the DJIA edging up +0.17%, while the S&P 500 fell -0.26% and the Nasdaq dropped -0.97%. The broader market pressure came as a surge in teach stocks lost momentum following a one-day rally, with key tech components like Micron Technology and Broadcom both slipping by 1%. Energy stocks also retreated, tracking a decline in oil prices amid hopes for a lasting ceasefire in the Middle East. Meanwhile, the US Treasury 10Y yield declined -3 bps to 4.52%, while the US Dollar Index (DXY) dipped -0.07% to 99.97. 
On the macroeconomic front, US International Trade in Goods and Services report for April showed that on US trade deficit narrowed to USD55.9 bn in April—down USD0.7 bn from USD56.6 bn in March and slightly below the consensus estimate of USD56.1 bn—driven primarily by tariff-induced import compression. Additionally, US existing home sales rose +3.2% MoM to an annualized rate of 4.17 mn, surpassing forecasts of a +0.7% MoM increase and a 4.05 mn annualized rate.  
In commodity markets, Brent crude futures fell -3% to USD91.45 per barrel, and WTI crude lost -3.4% to USD88.20 per barrel. This initial decline was driven by easing concerns over potential oil supply disruptions in the Middle East following statements from Iran and Israel indicating a pause in mutual attacks. However, geopolitical concerns were reignited later in the day when US President Donald Trump announced that the US would "respond" to the downing of an Apache helicopter patrolling the Strait of Hormuz. 
European markets lost momentum as sentiment turned cautious amid the latest US-Iran developments and ahead of the European Central Bank (ECB) monetary policy meeting on Thursday (11/6). The STOXX 600 fell -0.5%, the UK's FTSE 100 tumbled -1.41%, and Germany's DAX slid -0.74%. Conversely, Asian equity markets closed mostly higher on Tuesday. The Nikkei 225 rose by more than +2%, the Kospi surged +8.18%, and the Hang Seng edged up +0.15%. The JCI followed suit with a massive rally, surging +7.57% to 5,746, despite net foreign outflow of IDR2.5 tn. Looking ahead, the JCI is likely to face downside risk today, amid negative sentiment from the sudden fuel price hike and soft global market sentiment.

Regards,
KBVS Research Team

 

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