Corporate Updates
Bank Danamon (BDMN IJ): One-time gain from unit sale
Bank Danamon (BDMN IJ)
Analyst: Yap Swie Cu
HOLD / TP: IDR:4,000 (+8.7%)
One-time gain from unit sale
• Completion of unit sale
• Around IDR2tn gain to be incurred
• Sluggish FY19F core-earnings performance
• Re-iterate HOLD but with a new target price