BPD Jawa Barat & Banten (BJBR IJ): Expectations tempered
BPD Jawa Barat & Banten (BJBR IJ) BUY / TP: IDR:1,560 (+29.5%) Analyst: Yap Swie Cu
Expectations tempered • Rise in rates hit earnings • Continues to expand high-yield and less-risky loans • Targets reined in • Net profit projection lowered 17%. • Challenging short-term outlook but profitability and valuation remain attractive. Re-iterate BUY
