Morning Chatter

KBVS MORNING CHATTER
Friday, 21 February 2025

Headline News :
•    ARNA – Sales grew 7.56% yoy in 2024
•    POLA – Grants loan to POOL
•    PTPP – Large-scale hospital construction expansion
•    IMAS – Continues Electric Motorcycle Business After Parting with Yadea
•    ACES - Set to Boost Performance During Ramadan and Lebaran
•    SMGR – Weakening industry prospects
        
Market Commentary :
U.S. stocks sold off on Thursday as ongoing tariff jitters and a downbeat forecast from Walmart dampened investor risk appetite. A broad selloff pulled all three major U.S. stock indexes into negative territory, with the blue-chip Dow suffering the steepest loss, while The S&P 500 snapped its two-day string of record closing highs. The Dow fell 450.94 points, or -1.01%, to 44,176, the S&P 500 lost 26.63 points, or -0.43%, to 6,117 and the Nasdaq shed 93.89 points, or -0.47%. 
Recent economic data, including jobless claims and Atlantic region factory activity, suggested that the U.S. economy is in solid shape for now, in line with recent comments by Federal Reserve policymakers. But some economists fear labor market disruptions are possible as a result of the thousands of federal employees recently fired by billionaire Elon Musk's Department of Government Efficiency (DOGE).
Meanwhile, Asia Pasific markets mostly fell this morning amid higher-than-expected inflation rate in Japan which hit its record high since Jan '23 at 4%. Japan’s Nikkei 225 slipped 0.43% at the open while South Korea’s Kospi traded 0.14% lower.
JCI is expected to resume its correction today amid negative sentiment from US market as well as hawkish expectation from Japan. However, several mining names, especially with Gold exposure, may gain along with the record-high Gold price which fuelled by save-haven demand.

Regards, 
KBVS Research Team

 

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Unduh