Rate Cuts Should Provide Upside For Bank Of Indonesia: Maybank IB
Maybank IB keeps its Buy call on Bank Of Indonesia with a TP of IDR6,100, based on a target 1.3x FY25E P/BV. According to Maybank the interest rate cuts should ease funding cost pressure providing upside to the outlook for BBNI’s margins. The house feels BBNI’s continued efforts to improve asset quality, Maybank IB expects […]