Bank Rakyat Indonesia

Bank Rakyat Indonesia is a commercial banking company based in Indonesia. Co. specializes in small scale and microfinance style borrowing from and lending to its retail clients through its over 7,000 branches, units and rural service posts. Co.'s clients' services comprise Savings, Credits and Syariah. Co.'s operations are organized in three segments: Business Services, consisting of bank guarantees, bank clearance, automatic teller machines, export and import services, remittance and safe deposit boxes; Financial Services, consisting of bill payments, Cepebri, Inkaso, deposit acceptance, online transactions and transfers, and Other Services.
  • TickerBBRI
  • ISINID1000118201
  • ExchangeIndonesian Stock Exchange
  • SectorBanks
  • CountryIndonesia

Analysts

Bank Rakyat Indonesia (P.T.): Update to credit analysis

Our credit view of Bank Rakyat Indonesia (P.T.), reflecting its strong profitability, capital, funding and liquidity, and our expectation of a very high level of government support.

UOB
Raphon Prima

Banking - Slight Lending Rate Cut + Higher Loan Growth = 15-20% EPS Growth In 2020

Last week, Bank Indonesia shocked the market by delivering another 25bp rate cut. In our view, banks with the ability to pursue higher loan growth would benefit the most. Banks face less pressure to lower lending rates as loan demand improves. We forecast 2020 earnings growth of 15-20% for the top 4 banks. However, the total 50bp rate cut since Jul 19 has failed to prevent a steep decline in banking stocks. A dovish policy by the US central bank should be the key catalyst for banking stocks. Maintain OVERWEIGHT. Top picks: BBNI, BMRI and BBRI.

UOB
Maskun Ramli ...
  • Raphon Prima

Indonesia Daily - Wednesday, August 28, 2019

Banking: Slight lending rate cut + higher loan growth = 15-20% EPS growth in 2020. TRADERS’ CORNER Charoen Pokphand Indonesia (CPIN IJ): Technical BUY Indo Tambangraya Megah (ITMG IJ): Technical BUY

UOB
Raphon Prima

Banking - Market Has Not Yet Factored In Potential 20% Yoy Net Profit Growth in 2020; Upgrade To OVERWEIGHT

Last week, Bank Indonesia cut benchmark rate by 25bp. We foresee more cuts in 2019-20. We looked at the last three rate cuts and found that a benchmark rate cut boosted PPOP growth. We believe the rate cut that started last week should boost a bank’s PPOP growth by at least 17% yoy in 2020. Moreover, stable NPL ratio and high coverage ratio should lift banks’ 2020 net profit growth to 20% yoy. Upgrade the banking sector to OVERWEIGHT. Top picks: BBNI, BMRI and BBRI.

UOB
Maskun Ramli ...
  • Raphon Prima

Indonesia Daily - Monday, July 22, 2019

Sector: Banking AKR Corporindo (AKRA IJ): Technical BUY Malindo Feedmill (MAIN IJ): Technical BUY

Bank Rakyat Indonesia (P.T.): Update to credit analysis

Our credit view of Bank Rakyat Indonesia (P.T.), reflecting its strong profitability, capital, funding and liquidity, and our expectation of a very high level of government support.

Bank Rakyat Indonesia (P.T.): Key Facts and Statistics - FYE December 2018

A summary company profile, detailing Bank Rakyat Indonesia (P.T.)’s business operations and financial highlights.

Bank Rakyat Indonesia (P.T.): Update following full-year results

Our credit view of Bank Rakyat Indonesia (P.T.), reflecting its strong profitability, capital, funding and liquidity, and our expectation of a very high level of government support.

Moody's assigns Baa2 rating to Bank Rakyat Indonesia's USD senior unsecured notes

Moody's Investors Service has assigned a Baa2 long-term foreign currency senior unsecured rating to Bank Rakyat Indonesia (P.T.)'s (BRI) proposed USD-denominated senior unsecured notes. The rating outlook is stable. The notes will have a maturity of five years and will be listed on the ...

Bank Rakyat Indonesia (P.T.): Update following rating affirmation, stable outlook

Our credit view of Bank Rakyat Indonesia (P.T.), reflecting its strong profitability, capital, funding and liquidity, and our expectation of a very high level of government support.

UOB
Raphon Prima

Banking - Slight Lending Rate Cut + Higher Loan Growth = 15-20% EPS Growth In 2020

Last week, Bank Indonesia shocked the market by delivering another 25bp rate cut. In our view, banks with the ability to pursue higher loan growth would benefit the most. Banks face less pressure to lower lending rates as loan demand improves. We forecast 2020 earnings growth of 15-20% for the top 4 banks. However, the total 50bp rate cut since Jul 19 has failed to prevent a steep decline in banking stocks. A dovish policy by the US central bank should be the key catalyst for banking stocks. Maintain OVERWEIGHT. Top picks: BBNI, BMRI and BBRI.

UOB
Maskun Ramli ...
  • Raphon Prima

Indonesia Daily - Wednesday, August 28, 2019

Banking: Slight lending rate cut + higher loan growth = 15-20% EPS growth in 2020. TRADERS’ CORNER Charoen Pokphand Indonesia (CPIN IJ): Technical BUY Indo Tambangraya Megah (ITMG IJ): Technical BUY

UOB
Raphon Prima

Banking - Market Has Not Yet Factored In Potential 20% Yoy Net Profit Growth in 2020; Upgrade To OVERWEIGHT

Last week, Bank Indonesia cut benchmark rate by 25bp. We foresee more cuts in 2019-20. We looked at the last three rate cuts and found that a benchmark rate cut boosted PPOP growth. We believe the rate cut that started last week should boost a bank’s PPOP growth by at least 17% yoy in 2020. Moreover, stable NPL ratio and high coverage ratio should lift banks’ 2020 net profit growth to 20% yoy. Upgrade the banking sector to OVERWEIGHT. Top picks: BBNI, BMRI and BBRI.

UOB
Maskun Ramli ...
  • Raphon Prima

Indonesia Daily - Monday, July 22, 2019

Sector: Banking AKR Corporindo (AKRA IJ): Technical BUY Malindo Feedmill (MAIN IJ): Technical BUY

UOB
Maskun Ramli ...
  • Raphon Prima

Indonesia Daily - Wednesday, July 10, 2019

Bank Rakyat Indonesia (BBRI IJ/BUY/ Rp4,410/Target: Rp4,900): Potential 20% net income growth in 2020 has not been priced in; upgrade to BUY. TRADERS’ CORNER Waskita Karya (WSKT IJ): Technical BUY United Tractors (UNTR IJ): Technical BUY

1 director bought

A director at Bank Rakyat Indonesia bought 415,700 shares at 4,307.000IDR and the significance rating of the trade was 74/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The n...

For BANK RAKYAT INDO.TERBUKA, the environment deterioration entails a downgrade to Neutral

BANK RAKYAT INDO.TERBUKA (ID), a company active in the Money Center Banks industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 3 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date May 17, 2019, the closing price was IDR 3,790.00 and its expected value was estimated at IDR 4,172.75.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

UOB
Raphon Prima

Banking - Further Loan Growth Unlikely, HIgh Valuation; Downgrade To MARKET WEIGHT

In Feb 19, loans grew 12% yoy while deposits grew only 6% yoy. LDR was 94% and LFR was 93%. Loan growth should not accelerate further in 2019 because of slow growth of deposits and time deposit rates have soared 100bp. Any benchmark rate cut in 2019 should be mild and a larger reduction should be seen in 2020. At +1SD of 10-year historical P/B band, the sector is fully valued. Downgrade to MARKET WEIGHT. Our top pick is BMRI as it is the only bank trading at -1SD of its 10-year historical P/B band.

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