Bank Rakyat Indonesia (BBRI IJ): Results in 1Q24 hit by soaring credit cost
Bank Rakyat Indonesia (BBRI IJ) BUY / TP: IDR:6,800 (+32.0%) Analyst: Yap Swie Cu
Results in 1Q24 hit by soaring credit cost • Solid upper-line earnings • Profit dragged by soaring credit cost • More conservative guidance given • Slight change in 2024F net profit estimation. Re-iterate BUY
