BRI's Financial Performance Draws Analysts' Recommendations for its Shares
- BRI's Q3 2023 financial performance has led analysts to recommend 'buy' or 'hold' due to promising microsegment sector performance, asset quality, and anticipated government support.
- PT UBS Sekuritas Indonesia raised BRI's target price to IDR 6,925, representing a 2-3% increase, based on a 7.25% risk-free rate, 20.5% ROI, and 9% growth.
- PT Verdhana Sekuritas predicts BRI's price at IDR 6,150 with a 'buy' recommendation, citing government spending to support the microsegment and mitigate El Nino's impact.
- None.
"This segment is expected to help counterbalance some of the pressure on the net interest margin as interest rates continue to rise, thanks to its strong asset quality," explained Melissa Kuang, Chartered Financial Analyst at Goldman Sachs Research.
PT UBS Sekuritas Indonesia's report raises BRI's target price to
Furthermore, BNI Sekuritas targets BRI's price at
PT Verdhana Sekuritas predicts BRI's price at
Optimistic about BRI's income, Yunita Sekuritas has recommended a 'buy' as BRI's long-term potential reaches over 50 million potential customers in this segment with a 12-month target price of
CGS CIMB Sekuritas anticipates the Q4-2023 general election's impact on MSME loan disbursement. They expect BRI to uphold an 80
In September 2023, BRI reached consolidated asset growth of
More information at www.bri.co.id.
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SOURCE PT Bank Rakyat Indonesia Tbk (BRI)
FAQ
What prompted analysts to recommend 'buy' or 'hold' for BBRI stock?
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