Bank Rakyat Indonesia (BBRI IJ): To stay resilient

Bank Rakyat Indonesia (BBRI IJ)
BUY / TP: IDR:4,900 (+43.3%)
Analyst: Yap Swie Cu

To stay resilient
• Net profit forecast for 2026F trimmed 3%.
• Elevated credit cost remained a drag on profitability
• Re-iterate BUY with lower TP of IDR4,900 on higher cost of equity (COE) assumption