Bank Negara Indonesia (BBNI IJ): Earnings stays strong in Apr

Bank Negara Indonesia (BBNI IJ)
BUY / TP: IDR:7,900 (+40.4%)s
Analyst: Yap Swie Cu

Earnings stays strong in Apr
• Apr net profit remained strong
• Eased credit cost
• Core earnings retreated but were still on high side
• We maintain our earnings projection and BUY recommendation