Corporate Updates
Bank Negara Indonesia (BBNI IJ): Weak Apr 20 earnings as expected
Bank Negara Indonesia (BBNI IJ)
BUY / TP: IDR:6,300 (+55.7%)
Analyst: Yap Swie Cu
Weak Apr 20 earnings as expected
• Weak Apr 2020 core earnings performance
• Expecting some negative net earnings in the coming months
• Maintain BUY amid attractive 2021F valuation