Bank Rakyat Indonesia (BBRI IJ): Earnings normalized in July

Bank Rakyat Indonesia (BBRI IJ)
BUY / TP: IDR:5,400 (+29.5%)
Analyst: Yap Swie Cu

Earnings normalized in July
• Normalized credit cost supported July earnings
• Relatively stable core earnings
• Re-iterate BUY on stable fundamentals, undemanding valuation