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Corporate Updates

Bank Mandiri (BMRI IJ): Nov earnings still within expectation

Bank Mandiri (BMRI IJ)
BUY / TP: IDR:7,700 (+19.8%)
Analyst: Yap Swie Cu

Nov earnings still within expectation
• Gradual gain in top-line earnings
• Spike in opex and high credit cost dragged on bottom-line profit
• We maintain our earnings projection and BUY recommendation
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