Corporate Updates
Bank Tabungan Negara (BBTN IJ): 5M20 result: Profit shrinks
Bank Tabungan Negara (BBTN IJ)
BUY / TP: IDR:1,400 (+12.4%)
Analyst: Yap Swie Cu
5M20 result: Profit shrinks
• Monthly net profit continued to shrink
• Pressure from funding cost
• Credit cost level crept up
• Re-iterate BUY