BRI Leadership Bought BBRI Shares, Shows Confidence in Future Performance
BRI's Deputy CEO, Catur Budi Harto purchased 230,000 BBRI shares on
"The transaction is for personal investment purposes," Agustya Hendy Bernadi, BRI's corporate secretary, said in response.
Despite a 23% year-to-date decline in BBRI stocks, the company continues to show strong growth.
BRI's financial report shows it led Big Cap banks with the fastest profit growth during the first four months of 2024, up 4.5% year-on-year. This increase, driven by robust loan growth and an effective cost of credit (CoC), included a 12% year-on-year loan increase in April. Analysts Andrey and David emphasized BBRI's sector-leading performance, "CoC for 4M24 dropped to 3.7% (3M24; 3.8%), with expectations to drop below 3% for the entire year. CASA and LDR ratios remain stable," they detailed in their research.
The 4.5% profit growth for the first four months of 2024 also met analysts' expectations, equivalent to 28% of the forecast for the year. Based on such promising potential,
Also, 33 analysts unanimously recommend buying BBRI stocks based on Bloomberg consensus. Not a single analyst recommends selling. All of them firmly gave a Buy rating. The Bloomberg consensus yields a potential target price of
Recently, Jayden Vantarakis, an analyst at Macquarie, gave a buy recommendation with a target price of
For more information on BRI, visit www.bri.co.id
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