Bank Rakyat Indonesia BBRI IJ -Buy- A contrarian call
NS EWOn a YTD basis, BBRI’s share price has underperformed its peers (BMRI / BBCA / BBNI / BRIS – all Buys)
On a YTD basis, BBRI’s share price has underperformed its peers (BMRI / BBCA / BBNI / BRIS – all Buys)
BBCA has released its bank-only Aug-24 results. Monthly earnings of IDR4.6tn (-6% m-m / +22% y-y)
BBRI has released its bank-only Aug-24 results which suggests potential for the bank
Following on our recent note on the banking sector (Indonesia Banks) in
BBNI’s YTD Jul-24 results suggest minor operating improvement for the bank.
BRIS’s share price has had a good run (YTD +78%), and post-merger, it has reached an all-time high of IDR3,10
We expect easing liquidity for the Indonesian banking sector in 4Q24,
Since the introduction of data services in the Indonesia telecom sector,
BRIS has released its YTD Jul-24 results, with headline profit of IDR3.9tn
We reiterate our Buy call on XL Axiata (EXCL). EXCL share price has declined
BRIS continued to deliver solid 2Q24 bottom line performance with the numbers coming
Major Indonesian banks (BBCA/BMRI/BBRI/BBNI) have published
BMRI released its bank-only Jul-24 results with monthly earnings
These improvements were largely driven by the bank’s increased
It is considered as the largest privately owned bank in Indonesia.