Key Indices
Top Stories
Company Results | Bank Rakyat Indonesia (BBRI IJ/HOLD/Rp3,240/Target: Rp3,690)
- BBRI’s 1H26 earnings improved on lower funding costs, easing asset-quality pressure and Pegadaian’s growing contribution, with subsidiaries lifting consolidated NIM to around 130bp above that of bank-only. Pegadaian has matched Kupedes in scale, helping preserve BBRI’s differentiated micro franchise, although its growth remains sensitive to the gold cycle. Funding remains a key watchpoint as deposits lag asset growth amid tighter liquidity, while the lower DPR trades near-term dividend support for capital preservation. Maintain HOLD with a lower Rp3,690 target price.
Technical Analysis
Bank Rakyat Indonesia | BBRI IJ
- Trading Buy Range: We have a technical Buy at Rp3,250, and take profit at Rp3,420.
Maharaksa Biru Energi | OASA IJ
- Trading Buy Range: We have a technical Buy at Rp334, and take profit at Rp364.
Top Stories
Company Results | Bank Rakyat Indonesia (BBRI IJ/HOLD/Rp3,240/Target: Rp3,690)
- BBRI’s 1H26 earnings improved on lower funding costs, easing asset-quality pressure and Pegadaian’s growing contribution, with subsidiaries lifting consolidated NIM to around 130bp above that of bank-only. Pegadaian has matched Kupedes in scale, helping preserve BBRI’s differentiated micro franchise, although its growth remains sensitive to the gold cycle. Funding remains a key watchpoint as deposits lag asset growth amid tighter liquidity, while the lower DPR trades near-term dividend support for capital preservation. Maintain HOLD with a lower Rp3,690 target price.
Technical Analysis
Bank Rakyat Indonesia | BBRI IJ
- Trading Buy Range: We have a technical Buy at Rp3,250, and take profit at Rp3,420.
Maharaksa Biru Energi | OASA IJ
- Trading Buy Range: We have a technical Buy at Rp334, and take profit at Rp364.
Key Indices
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