Bank Rakyat Indonesia (BBRI IJ): To expect manageable impact from Sumatra floods and landslides

Bank Rakyat Indonesia (BBRI IJ)
BUY / TP: IDR:5,400 (+46.7%)
Analyst: Yap Swie Cu

To expect manageable impact from Sumatra floods and landslides
• BBRI’s loan exposure limited to West Sumatra and North Sumatra, with no exposure in Aceh
• Initial assessment: Potential 18bps increase in CoC
• Re-iterate BUY