Bank Central Asia (BBCA) - Solid But Fully Valued

Bank Central Asia (BBCA)- Initiate With HOLD
Price: Rp6,650 – Target Price: Rp7,000

  • Third largest bank in Indonesia.
  • Strong in cost of fund
  • Interest income will decline with new RR
  • Solid but fully valued. Initiate with HOLD, price target Rp7,000/share