Bank Central Asia (BBCA IJ): Reports soft August earnings

Bank Central Asia (BBCA IJ)
BUY / TP: IDR:10,500 (+36.4%)
Analyst: Yap Swie Cu

Reports soft August earnings
• Sluggish lending and expanded provisions weighed on Aug profit
• Robust other operating income and operational efficiency supported 8M25 results
• Modest results as expected. We re-iterate our BUY call on resilient fundamentals in such a challenging environment