Bank Syariah Indonesia (BRIS IJ)
BUY / TP: IDR:1,960 (+16.3%)
Analyst: Yap Swie Cu
Strengthens footing in sharia-banking niche
• Well positioned to tap underpenetrated sharia-banking market
• Encouraging operational and financial metrics
• With its room for further profitability improvement, we initiate coverage with a BUY recommendation