Corporate Updates
Bank Mandiri (BMRI IJ): Results for 4M23: Profitability sustained
Bank Mandiri (BMRI IJ)
BUY / TP: IDR:5,700 (+10.1%)
Analyst: Yap Swie Cu
Results for 4M23: Profitability sustained
• The top-line income remained strong in Apr
• Stable credit cost
• Re-iterate BUY call due to solid fundamentals