Corporate Updates
Bank Negara Indonesia (BBNI IJ): Upgrade to BUY on recent share price correction
Bank Negara Indonesia (BBNI IJ)
Analyst: Yap Swie Cu
BUY / TP: IDR:9,900 (+21.1%)
Upgrade to BUY on recent share price correction
• 17% share price correction since our downgrade
• Well-equipped from trade war risks
• Beneficiary of the continuation of infrastructure projects
• Upgrade to BUY while keeping the target price