Morning Chatter

KBVS MORNING CHATTER
Friday, 08 August 2025

Headline News :
•    MDKA - Settles bond, prepares for next payment
•    ANTM - Launches patriotic gold series
•    DNET – 1H25 net profit reaches IDR540.7 bn
•    SMBR – Books IDR79.6 bn net profit in 1H25
•    SBMA – Net profit grew 26.84% yoy in 1H25
•    BNBR – Acquisition of 90% stake in Cimanggis-Cibitung toll road worth IDR3.56 tn
•    GGRP – A USD20.98 mn net loss in 1H25
•    IPCC – 1H25 throughput rises on strong EV cargo growth
•    SILO – Hospitals boost digital transformation with AWS to advance Ai-driven healthcare
•    UNTR – Dividend policy maintained despite earnings pressure
•    UNVR – Net profit declined 12.61% yoy in 1H25
•    KEJU – Bel Group to become controlling shareholder
•    Mining - US to grant 0% tariff on copper

Market Commentary :
On Thursday (06/08), US indices closed mixed; DJIA (-0.51%), S&P 500 (-0.08%) and IXIC (+0.35%), on the back of higher concerns from the market over the Fed’s independence as US President Donald Trump might select the Federal Reserve Governor Christopher Waller to become the next central bank chair. At the same time, Trump also tapped the Council of Economic Advisers Chairman, Stephen Miran to serve as one of the Fed governor. On US tariffs, Trump’s higher import duties on many trade partners took effect yesterday, raising the average US import duty to the highest in a century. On US labor market, US weekly initial jobless claims was higher than anticipated at 226k and also higher than previous (219k). Thus, the USD index fell to 97.89, while the US 10-Y bond yield rose to 4.242%, with the market still expecting the Fed to cut rates by around 25 bps in September 2025.
In Europe, STOXX600 closed 0.92% higher yesterday, driven by banking and technology stocks as the market weighed mixed corporate earnings, US tariffs, and a potential breakthrough to end the Russian-Ukraine conflict. Yesterday, Bank of England (BoE) had cut its rates by 25bps to 4% as expected. While, Switzerland is still negotiating with US, as the country faces a 39% import levy that is likely to inflict serious damage on its export-focused economy. On commodity, both Brent crude futures and US WTI were down 0.7% to USD66.43 a barrel, and USD63.88 a barrel, respectively yesterday as Russia stated that the country's President, Vladimir Putin will meet with Donald Trump in coming days, raising expectations of a potential ceasefire in Ukraine.
Yesterday, indices in Asia closed mixed, with JCI closed 0.18% lower but recorded IDR666 bn net foreign inflow. The JCI may close higher today supported by a stronger IDR and lower global oil prices as geopolitical and economic uncertainties begin to ease.

Regards, 
KBVS Research Team

 

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