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