Bank Rakyat Indonesia -BBRI IJ- Buy - ROAE uptrend on positive micro trends
NS EWRolling forward to 2025F book-value; raise TP to IDR6,300
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Bank Rakyat Indonesia -BBRI IJ- Buy - YTD Jul-24 bank only results - steady progress
NS EWBBRI posted its Jul-24 bank-only results, which showed decent improvement
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Bank Rakyat Indonesia -BBRI IJ- Buy - Towards more commercial micro
NS EWBased on the Indonesia government’s latest 2025 budget, we think there will potentially be less exposure to