Morning Chatter

KBVS MORNING CHATTER
Friday, 30 January 2026

Headline News :
•    BMHS – Targets double-digit revenue growth in 2026
•    TOTL – Targets IDR5 tn in new contracts in 2026
•    AMRT – Expands footprint to Bangladesh, targets 100 stores by year-end 
•    KLBF – Performance expected to be supported by the Ramadan momentum

Market Commentary :
US indices closed mixed yesterday (29/01); DJIA (+0.11%), S&P 500 (-0.13%) and IXIC (-0.72%) as market' concerns increased due to the latest earnings reports and worried about whether hefty spending on AI would pay off for mega‑cap tech companies. On economics, the market has anticipated that the Fed would keep its interest rates unchanged until the end of Jerome Powell' term after the Fed held steady its rate last Wednesday. While, US labor market reported that its weekly initial jobless claims was higher than expected at 209k (vs 206k). Thus, both USD index and US 10-Y bond yield fell to 96.19 and 4.24%, respectively yesterday. Now, market awaits for the US PPI data that will be release later today.
In Europe, the STOXX 600 was down 0.2% yesterday after the Fed held interest rates steady at 3.50%–3.75% on Wednesday, marking the first pause after three consecutive cuts. On commodity, both Brent crude futures and US WTI were up to USD68.57 per barrel and USD64.44 per barrel, respectively yesterday on increasing concerns of a disruption of supply from Iran, if the key Middle Eastern producer is targeted by the US for military action.
Asian indices closed mixed yesterday, while JCI closed 1.06% lower, with IDR4.44 tn net foreign outflow. Today, the JCI could continue to close lower on a rebound in USD and global oil prices, amid rising geopolitical tensions.

Regards,
KBVS Research Team

 

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Unduh