Indonesia Banking Industry: Expecting mixed 2Q24 results
Indonesia Banking Industry
Analyst: Yap Swie Cu
Expecting mixed 2Q24 results
• BBCA to show strong outperformance, BMRI to have better profitability
• Relatively stable earnings in BBNI and BRIS
• BBRI’s credit cost remained elevated
• Soaring funding cost to continue pressurize BBTN’s earnings
• BMRI is our top pick