Bank Tabungan Negara (BBTN IJ): Resilient under pressure

Bank Tabungan Negara (BBTN IJ)
BUY / TP: IDR:1,600 (+40.4 %)
Analyst: Yap Swie Cu

Resilient under pressure
• Soft rebound in Aug earnings
• More aggressive provisioning
• Loan growth supported by portfolio acquisitions
• Re-iterate BUY