Bank Central Asia (BBCA IJ): Earnings improvement continued in August

Bank Central Asia (BBCA IJ)
BUY / TP: IDR:9,200 (+47.8%)
Analyst: Yap Swie Cu

Earnings improvement continued in August
• NII continued strengthening
• Stable COC amid excellent asset quality
• Resilient fee income and strong cost efficiency further supported bottom-line growth
• Remains a key beneficiary of the rate upcycle – Re-iterate BUY