Bank Danamon (BDMN IJ)
HOLD / TP: IDR:4,000 (+7.0%)
Analyst: Yap Swie Cu
FY2019 result falls short on high credit cost
• Bottom-line profit was below estimation, but PPOP was in line
• Aggressive provisioning to improve loan-loss coverage
• Outlook for 2020
• Re-iterate HOLD