Corporate Updates
Bank Mandiri (BMRI IJ): Covid-19 impacts start to be visible
Bank Mandiri (BMRI IJ)
BUY / TP: IDR:6,200 (+28.9%)
Analyst: Yap Swie Cu
Covid-19 impacts start to be visible
• Loan contraction and soaring credit cost
• Not much impact on top line earnings yet
• Expect declining profitability level in coming months