Morning Chatter
KBVS MORNING CHATTER
Friday, 31 October 2025
Headline News :
• MEDC - 2.1% yield interim dividend
• PTBA – Margins recover in 3Q25, but still lags yoy
• SILO – 9M25 net profit grew 19.9% yoy due to better cost control
• MYOR – 9M25 net profit declined 8.23% yoy, hit by rising costs
• ROTI – 9M25 net profit declined 45.05% yoy, impacted by weak purchasing power
• ACES – Targets 25-30 new store openings in FY25
• SRAJ – Records 9M25 loss despite revenue growth
• CMRY – Net profit grew 38.51% yoy in 9M25
• ERAA – Net profit declined 0.70% yoy in 9M25
• MDIY – 9M25 revenue grew 17.3% yoy, driven by store expansion
• LPPF – Net profit declined 3.39% yoy in 9M25
Market Commentary :
US indices closed lower on Thursday (30/10) ; DJIA (-0.23%), S&P 500 (-0.99%) and IXIC (-1.58%), dragged down by losses in Microsoft and Meta stocks, which overshadowed gains in Alphabet and Amazon, after the companies posted their quarterly results. The market was also digesting Jerome Powell' comments, which reduced expectations for interest rate cuts in Dec’25. On the economic front, US President Donald Trump stated that he had "struck" a deal with China, under which the US would sign yearly deals with China on rare earth minerals and China would resume purchasing US agricultural goods such as soybeans, etc, but he did not provide any specific figures. Moreover, the US will cut the fentanyl tariffs on China to 10%, but keep other tariffs at around 47%. Thus, both USD index and US 10-Y bond yield rose to 99.51 and 4.089%.
In Europe, the STOXX600 fell 0.1%, yesterday, after the European Central Bank (ECB) kept interest rates unchanged at 2% for the 3rd meeting in a row and offered no hints about future moves, while the market digested a new raft of corporate earnings. On commodity, Brent crude futures rose 0.12% to USD65 a barrel, and US WTI rose 0.15% to USD60.64 a barrel as the market assessed the US-China trade deal.
Indices in Asia closed mixed yesterday, while JCI closed 0.22% higher, with a IDR784.99 bn net foreign inflow. Today, JCI could close lower, due to stronger USD and higher global oil prices, despite toned-down trade tensions.
Regards,
KBVS Research Team