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Corporate Updates

Bank Mandiri (BMRI IJ): Strong earnings persist in May

Bank Mandiri (BMRI IJ)
BUY / TP: IDR:9,400 (+14.3%)
Analyst: Yap Swie Cu

Strong earnings persist in May
• Robust bottom-line profit
• Solid loan disbursement
• Further improvement in funding structure
• Manageable credit cost
• Strong fundamentals to withstand challenging environment. Maintain BUY
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