Bank Rakyat Indonesia(BBRI) - Satisfactory Result

Bank Rakyat Indonesia(BBRI) – Maintain BUY
Price: Rp6,900 – Target Price: Rp7,600

Satisfactory Result

  • Net profit increased by 57% YoY, in line with our estimation.
  • Strong operating income.
  • Moderate growth of loan.
  • Still high NPL in SME loans.
  • Inline 1H11 result, maintain BUY recommendation with price target Rp7,600/share.