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Corporate Updates

Bank Rakyat Indonesia (BBRI IJ): Very strong Oct result

Bank Rakyat Indonesia (BBRI IJ)
BUY / TP: IDR:5,000 (+20.2%)
Analyst: Yap Swie Cu

Very strong Oct result
• Record high in monthly NII and net profit
• Eased credit cost in the past two months
• Maintain earnings estimate and BUY recommendation
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