Bank Negara Indonesia (BBNI IJ): Lowering earnings estimation on margin compression and higher credit cost
Bank Negara Indonesia (BBNI IJ) Analyst: Yap Swie Cu BUY / TP: IDR:10,300 (+35.5%) Lowering earnings estimation on margin compression and higher credit cost • Assuming lower margin attributed to tight sector’s liquidity • Higher credit cost assumption on weak economic condition • Maintain BUY with new target price of IDR10,300
