Corporate Updates
Bank Rakyat Indonesia (BBRI IJ): Sharp decline in April earnings
Bank Rakyat Indonesia (BBRI IJ)
BUY / TP: IDR:3,600 (+15.4%)
Analyst: Yap Swie Cu
Sharp decline in April earnings
• Sharp profitability decline in Apr 2020
• Provisioning reversal saved bottom-line earnings
• Re-iterate BUY call