Bank Central Asia (BBCA IJ): In-line 1Q22 results

Bank Central Asia (BBCA IJ)
BUY / TP: IDR:8,900 (+12.3%)
Analyst: Yap Swie Cu

In-line 1Q22 results
• Solid 1Q22 results
• Robust TPF inflows supported upper-line earnings
• Loan growth acceleration, quality improved
• Defensive choice, re-iterate BUY