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Corporate Updates

Bank Syariah Indonesia (BRIS IJ): Strengthens footing in sharia-banking niche

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
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