Arsip: May 2020

Bank Rakyat Indonesia Loan Restructuring. The number of restructured loans Bank Rakyat Indonesia Tbk (BBRI IJ) increased sharply caused us to cut its share price target. Previously, the target price of BBRI shares was IDR 4,850 per share this year. We lowered the target price to IDR 3,000, reflecting a price to book value (PBV).