Bank Rakyat Indonesia (BBRI IJ): Maintains stable profit

Bank Rakyat Indonesia (BBRI IJ)
BUY / TP: IDR:4,900 (+16.1%)
Analyst: Yap Swie Cu

Maintains stable profit
• Stable bottom-line profit with twists in opex and credit cost
• High credit cost to provide better buffer
• Top-line earnings are returning gradually to pre-pandemic level
• Re-iterate BUY call