Morning Chatter

KBVS MORNING CHATTER
Thursday, 16 April 2026

Headline News :
•    BBTN - Reports net profit of IDR1.1 tn 
•    AALI – To disburse 45% of FY25' net profit as dividends
•    BBTN - BSN continues to grow Sharia Bale Transactions by BSN
•    BBNI - Set to issue second AT1 bond on Singapore Exchange
•    INTP - Prepares IDR750 bn to buy back shares
•    PTPP – To push forward the construction of 324 housing units in Senen
•    ELPI – A new USD50.0 mn offshore vessel acquisition
•    SOFA – Plans to issue up to 50.0 bn new shares via right issue
•    GIAA – Prepares 15 aircraft to serve the 2026 Hajj season
•    RMKO – To raise IDR159.9 bn from rights issue
•    ASGR – To disburse IDR325 bn as dividends

Market Commentary :
US equities mostly closed higher on Wednesday, with the S&P500 reaching a fresh record as easing geopolitical tensions and resilient earnings expectations revived risk appetite. S&P500 rose +0.8% to 7,022.95, surpassing its January peak, while the Nasdaq gained +1.6% and the Dow slipped -0.15%. 
Improving earnings expectations have provided a key offset to macro uncertainty, with 1Q earnings now projected at USD605 bn, revised-up from earlier estimates. Commentary from major banks continues to highlight resilient consumer trends and a healthy pipeline for deal activity and IPOs. The recent sell-off is increasingly viewed as a tactical entry opportunity, with more attractive valuations drawing incremental inflows back into equities. The rebound suggests investors are willing to re-engage risk assets as visibility improves. That said, downside risks remain. 
Any renewed escalation in the Middle East could quickly reverse sentiment, while existing concerns, particularly around AI-driven disruption and private credit redemption pressures, continue to pose potential overhangs on market stability. Oil prices were broadly stable on Wednesday following a sharp decline in the prior session, as improving sentiment around a potential diplomatic resolution in the Middle East eased supply risk concerns. WTI (May) settled flat at USD91.29/bbl, while Brent (June) edged up to USD94.93/bbl. 
Asia-Pacific markets are set for a firmer open on Thursday, tracking Wall Street gains, with Nikkei (+0.8%), Topix (+0.7%), Kospi (+1.0%), ASX 200 (+0.2%), and stronger Hang Seng futures indicating a risk-on tone. Yesterday, JCI fell -0.68% to 7,623.59, pressured by BBCA, SRAJ and BBRI. Foreign investors recorded net outflows of IDR1.16 tn, primarily driven by selling in BBRI, BBCA and BUMI.

Regards,
KBVS Research Team

 

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