Bank Mandiri (BMRI IJ): Profit slightly rebounds in May

Bank Mandiri (BMRI IJ)
BUY / TP: IDR:7,800 (+59.8%)
Analyst: Yap Swie Cu

Profit slightly rebounds in May
• Rebound in May profit
• Less aggressive lending, focus on liquidity improvement
• Soft 2Q25 results expected
• Re-iterate BUY on undemanding valuation and strong fundamentals