Bank Rakyat Indonesia (BBRI IJ): Stockpiles provisions
Bank Rakyat Indonesia (BBRI IJ)
BUY / TP: IDR:6,200 (+11.7%)
Analyst: Yap Swie Cu
Stockpiles provisions
• The retreat in Apr net profit came from soaring provisions
• Defends its margin
• Well-executed strategy and solid fundamentals supports our BUY call