Bank Tabungan Negara (BBTN IJ): On-track July result
Bank Tabungan Negara (BBTN IJ) BUY / TP: IDR:1,980 (+55.9%) Analyst: Yap Swie Cu
On-track July result • Earning asset expansion defended upper-line earnings in Jul • Relatively stable credit cost • High yield strategy and bad debt recovery to bolster 2H23 earnings • Re-iterate BUY amid on-track result and undemanding valuation
