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Corporate Updates

Bank Mandiri (BMRI IJ): Solid 1H21 results

Bank Mandiri (BMRI IJ)
BUY / TP: IDR:8,200 (+42.6%)
Analyst: Yap Swie Cu

Solid 1H21 results
• Earnings gains continued in 2Q21
• Credit cost was still manageable
• Positive traction from mobile banking platform
• Earnings projection and BUY call are maintained
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