27 / 76
25
august
, 2018
In an equity research report in April, Panin Sekuritas,
the brokerage arm of listed lender PT Bank Panin Tbk,
maintained a “buy” recommendation for investors at a
target price of Rp 25,000. BCA’s shares, trading under the
BBCA ticker symbol, closed at Rp 23,225 apiece on July 24,
having risen 7 percent so far this year.
“Nice Loan Growth, Manageable Risk” was the
headline of Panin Sekuritas’s equity research report on
BCA. The brokerage said it was upbeat about BCA stock’s
outlook, thanks to its fine asset quality, cost of funding
lower than the industry average and strong liquidity,
as well as strong client exposure in the commercial and
consumer segments.
It said there will be many positive spillovers from the
country’s general development, including its hosting of
this year’s Asian Games, as well as next year’s general
and presidential elections. “BCA is our top pick in the
banking sector, where the premium valuation justifies the
company’s strong performance, supported by the best
asset quality in the banking sector.”
BCA believes Indonesia has
strong fundamentals and
positive prospects for long-
term economic development,
despite the recent dynamic
macro-environment. Our strong
balance sheet and prudent
banking approach will continue
to provide us with a solid
foundation for future growth.
asia.nikkei.com