Bank Negara Indonesia (BBNI IJ): Lower provisions bolster August profit

Bank Negara Indonesia (BBNI IJ)
BUY / TP: IDR:5,300 (+42.1%)
Analyst: Yap Swie Cu

Lower provisions bolster August profit
• Lower credit costs supported profit
• Top-line moderated further in August
• Resilient fundamentals and compelling valuation support our BUY call