Bank Mandiri (BMRI IJ)
BUY / TP: IDR:10,400 (+11.2%)
Analyst: Yap Swie Cu
Set to maintain strong 3Q22 results
• Earnings remain at the top
• Persists with strong low-cost funding expansion
• Controllable credit cost ensues
• Result in 3Q22 to remain strong. Re-iterate BUY on fundamentals