Morning Chatter

KBVS MORNING CHATTER
Monday, 03 March 2025

Headline News :
•    BBNI - Solid fundamentals opening 2025
•    CMRY - Profit grows by 22.40% yoy in FY24
•    BBRI - Provides credit facility to Indonesia Infrastructure Finance
•    TAPG – Net profit increased by 94.0% yoy in FY24
•    DSNG – Net profit increased by 35.6% yoy in FY24
•    ULTJ – Net profit decreased 2.79% yoy in 2024
•    TPIA – IDR2 tn loan for green asset project
•    IPCC - Operational traffic increases by 8.7% yoy in Jan’25
•    MYOR - Records IDR14.38 tn in sales in Asia
•    IRRA - Subsidiary engages in blood bag production
•    ERAA - Eyes stronger sales with iPhone 16 entry and market expansion    

Market Commentary :
The equities market concluded a tempestuous week and a month marked by overall losses with a modest upward trajectory on Friday. Friday's trading session experienced a transient retraction following a reported discord between President Donald Trump and Ukraine President Volodymyr Zelenskyy within the confines of the Oval Office. This development precipitated a wave of apprehension among market participants, who perceived the incident as a potential catalyst for amplified geopolitical instability. Despite U.S. President Donald Trump’s tariff threats creating market unease, European equities closed mixed Friday but secured a tenth straight week of gains.
The precious metal, gold, is poised to conclude the trading week with its most significant decline in three months, a downturn precipitated by the resurgent strength of the U.S. dollar. Tariffs and increased Iraqi exports drove crude oil's first monthly drop since November. Expected inflation and surprise consumer spending drops briefly weakened the U.S. dollar Friday. Trump's confirmed tariffs, set for next week, triggered a sell-off in Asia-Pacific markets.
Meanwhile, The Jakarta Composite Index (JCI) witnessed a significant contraction, shedding 214.8 points, representing a 3.31% decrease, ultimately settling at 6,270.60. Key Indonesian economic indicators: Manufacturing PMI, inflation, tourist arrivals, and foreign exchange reserves, will be closely watched following the JCI's sharp decline.

Regards, 
KBVS Research Team

 

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