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Corporate Updates

Bank Mandiri (BMRI IJ): Maintains strong top-line performance

Bank Mandiri (BMRI IJ)
BUY / TP: IDR:6,700 (+13.6%)
Analyst: Yap Swie Cu

Maintains strong top-line performance
• Margin improvement drove strong top-line outcome
• Kept sound liquidity level and resilient savings growth
• Eased credit cost boosted bottom-line profit
• Re-iterate BUY with higher TP
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