Corporate Updates
Bank Central Asia (BBCA IJ): Solid 1Q20 results, well equipped for 2020
Bank Central Asia (BBCA IJ)
BUY / TP: IDR:29,700 (+19.6%)
Analyst: Yap Swie Cu
Solid 1Q20 results, well equipped for 2020
• Strong core earnings performance
• Cautious near-term outlook
• We trim our earnings estimate but maintain a BUY call amid solid fundamentals