Indonesian Banking Sector - YTD Oct-24 summary
NS EWMajor Indonesia banks (BBCA/BMRI/BBRI/BBNI) have published their bank-only Oct-24 results,
Major Indonesia banks (BBCA/BMRI/BBRI/BBNI) have published their bank-only Oct-24 results,
BBRI has released its YTD Oct-24 results with PPOP and net profit of IDR89.5tr (+15% y-y)
In our recent note, we wrote that BBRI might face maturing micro/ultra-micro segments in the next few years.
On a YTD basis, BBRI had underperformed its major peers by ~13-30%, with predominantly net foreign selling amo
Major Indonesia banks (BBCA/BMRI/BBRI/BBNI) have published their bank-only Aug-24 results,
On a YTD basis, BBRI’s share price has underperformed its peers (BMRI / BBCA / BBNI / BRIS – all Buys)
BBRI has released its bank-only Aug-24 results which suggests potential for the bank
Major Indonesian banks (BBCA/BMRI/BBRI/BBNI) have published
Rolling forward to 2025F book-value; raise TP to IDR6,300
BBRI posted its Jul-24 bank-only results, which showed decent improvement
Based on the Indonesia government’s latest 2025 budget, we think there will potentially be less exposure to