Morning Chatter

KBVS MORNING CHATTER
Friday, 29 May 2026

Headline News:
•    MRAT – Booked a significant net profit growth in 1Q26
•    MAIN – Allocates FY26 capex of IDR800.0 bn, builds new feedmill in Lampung
•    GJTL – To disburse  IDR278.78 bn in dividends
•    COCO – Market and Network Expansion to Thailand
•    PLIN – Pledges IDR5.64 tn assets for a syndicated loan
•    PSSI – Net loss widened to USD1.28 mn in 1Q26
•    MTLA – Approves dividend of IDR9.70/share
•    VKTR – Captures 30% of TransJakarta's electric bus fleet
•    TPIA – Signs port concession agreement
•    MPMX - To Disburse IDR745 bn in Dividends
•    BOBA - To Disburse IDR6.9 bn in Dividends
•    MDIY – Strategy to address rising operational costs

Market Commentary:
US indices closed higher yesterday (28/05); DJIA (+0.05%), S&P 500 (+0.58%) and IXIC (+0.91%), rebounding from earlier losses after US and Iran had reached a draft agreement to extend their ceasefire for 60 days. On economy, US released its Apr'26 Personal Consumption Expenditure (PCE) price index and 1Q26 Gross Domestic Product (GDP). US' PCE and core PCE price index grew 3.8% yoy/0.4% mom and 3.3% yoy/0.2% mom, respectively in Apr'26. While, the country revised down its 1Q26 GDP to 1.6% qoq or below cons' expectation (+2% qoq). Moreover, the US dept of labor reported that its weekly initial jobless claims were higher than anticipated at 215k (vs 211k). Thus, both US 10-Y bond yield and USD index fell to 4.453% and 99.02, respectively yesterday.

In Europe, the STOXX 600 closed lower (-0.49%) yesterday as US - Iran developments kept risk appetite low. On economy, France' Producer Price Index (PPI) grew 2.1% yoy but declined -2.1% mom, in Apr'26. While, EU released its consumer inflation expectation for May'26 at 40.5 or below its previous month (48.8). In commodities, oil prices were split yesterday. Brent crude prices declined to USD93.71 per barrel yesterday as it is more vulnerable to Strait of Hormuz traffic disruptions. While, US WTI closed slightly higher to USD88.90 per barrel.

Indices in Asia mostly closed lower yesterday; Nikkei (-0.47%), KOSPI (-0.53%), Hang Seng (-1.27%) and Shanghai (+0.12%). While the JCI closed on Wednesday and yesterday due to Eid al-Adha' festivities. Last Tuesday (26/05), JCI closed lower (-1.23%) with IDR1.6 tn net foreign outflows. Today, the JCI could continue to close lower on IDR weakening vs USD, and a rebound in global oil prices, amid geopolitical tensions in the Middle East.

Regards, 
KBVS Research Team

 

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Unduh