Corporate Updates
Bank Rakyat Indonesia (BBRI IJ): Strong July result on low credit cost
Bank Rakyat Indonesia (BBRI IJ)
BUY / TP: IDR:5,400 (+24.4%)
Analyst: Yap Swie Cu
Strong July result on low credit cost
• Sharp decline in credit cost propped up Jul profit
• Core earnings remained at high level
• Re-iterate BUY on prospective long-term outlook