Morning Chatter

KBVS MORNING CHATTER
Wednesday, 8 July 2026

Headline News :
•    MPXL – Targets 30% yoy revenue growth in 2026
•    WINR - Signs preliminary agreement to acquire 60% stake in LGA
•    PIPA - Secures approval for rights issue
•    NICK - Accumulates more shares in FUJI, increasing stake to 7.83%
•    RUIS – To disburse cash dividend of IDR4.62 bn for FY25 net profit
•    CDIA – To acquire a 40% stake in CUAN’s shipping subsidiary
•    SCNP – Completes IDR30.0 bn share buyback
•    NTBK – Plans IDR500 bn rights issue
•    PANI - Free float rises to 16.25% post private placement
•    BMAS - Secures USD76 mn bilateral loan from KBank
•    DOSS - Launches shop-in-shop concept with Gramedia

Market Commentary :
US stocks closed lower on Tuesday (7/7); DJIA -0.25%, S&P 500 -0.45%, and Nasdaq -1.16% as investors rotated out from tech stocks such as Micron (-4.7%), AMD (-6.5%), and Marvell Technology (-7.5%) amid concerns about the outlook of AI boom and chip demand, particularly following reports that Deepseek is developing its own chip to compete with other existing chipmakers. Meanwhile, the US Treasury 10Y yield rose 7.4 bps to 4.55% as investors digested the latest economic data, while USD index rose +0.24% to 101.1.
On the data front, US trade balance data for May came in at USD77.6 bn, higher than the previous month’s figure of USD54.6 bn and just below the estimated figure of USD78.08 bn, as exports fell -3.2% and imports rose +3.3%. Investors are now looking ahead to the FOMC meeting minutes on Wednesday, the first to be led by the new Federal Reserve Chairman, Kevin Warsh, which will offer further insights on monetary policy.
From commodity, crude oil prices jumped on Tuesday; with Brent and WTI rising by more than +5% to USD75.86 and USD72.1 per barrel respectively after the US revoked the waiver authorizing the sale of Iranian oil following Iran’s attack on a Qatari liquefied natural gas tanker near the Strait of Hormuz.
In Europe, stocks closed mostly lower; Stoxx 600 -0.53%, DAX -1.27%, CAC 40 -0.51%, and FTSE 100 +0.13%, as the tech sell-off extended to the region. In Asia, many major indexes closed the day in the red; Kospi -4.91%, Nikkei -2.12%, and Hang Seng -0.51%. In Indonesia, the JCI rose +1.19% to 5,986 despite net foreign outflow of IDR176.8 bn. Looking ahead, we expect the JCI to experience some pressure today amid negative sentiment from global and regional markets.

Regards,
KBVS Research Team

 

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