Bank Syariah Indonesia - BRIS IJ -Buy- Plenty of growth drivers
NS EWBRIS’s share price has had a good run (YTD +78%), and post-merger, it has reached an all-time high of IDR3,10
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,
BRIS has released its YTD Jul-24 results, with headline profit of IDR3.9tn
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.
Rolling forward to 2025F book-value; raise TP to IDR6,300
BBRI posted its Jul-24 bank-only results, which showed decent improvement
BBNI released its 1H24 results with headline profit of IDR10.7tn (+3.8% y-y), accounting for 50% of our FY24
Based on the Indonesia government’s latest 2025 budget, we think there will potentially be less exposure to
BBCA’s bank-only Jul-24 earnings of IDR4.9tr (+1% m-m / +17% y-y) brings YTD Jul-24 headline profit to