VAC

Verdhana Alpha Capture (VAC)

BUY BMRI

Investment thesis:

1) Maxed out fear on macro front

2) Superior loan growth of 10-12% (peers 6-8%)

3) 2nd lowest CoF

4) Growing CASA franchise

VAC is a high conviction stock call from Verdhana Strategy Team aimed to gain alpha, and this may differ from the analyst view.

Verdhana Strategy