Corporate Updates
Bank Negara Indonesia (BBNI IJ): May 2020 earnings: struggling for profits
Bank Negara Indonesia (BBNI IJ)
BUY / TP: IDR:6,300 (+36.9%)
Analyst: Yap Swie Cu
May 2020 earnings: struggling for profits
• Monthly earnings continue to shrink
• No surprise over weak May earnings
• Re-iterate BUY on its undemanding 2021F valuation