Corporate Updates
Bank Rakyat Indonesia (BBRI IJ): Below expectation on soaring expenses
Bank Rakyat Indonesia (BBRI IJ)
BUY / TP: IDR:4,900 (+17.2%)
Analyst: Yap Swie Cu
Below expectation on soaring expenses
• Earnings fell short of expectations
• Continuous margin gain
• In-line credit cost
• Upgrade to BUY