External broker reports(aggregated public sources), BRI Danareksa Research

BRI Danareksa Research

As a one-stop financial solution with the vision to be the most valuable securities house, BRI Danareksa Sekuritas (BRIDS) has maintained an excellent track record and extensive experience in the capital market as an underwriter, broker, and financial advisor for individual, institutional, foreign and domestic, private and government clients. Established in 1992, PT Danareksa Sekuritas is a securities company that performs activities as a securities broker, underwriter, or arranger and financial advisor. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Indonesia Banks: How Are BBCA, BBRI, BMRI and BBNI Placed for 2024?

The Week That Was in ASEAN@Smartkarma - Astra Intl, Indonesian Banks, and Thai Credit Bank IPO.

BBNI IJ Initiation: On a Rewarding Journey to 20% ROE

As a one-stop financial solution with the vision to be the most valuable securities house, BRI Danareksa Sekuritas (BRIDS) has maintained an excellent track record and extensive experience in the capital market as an underwriter, broker, and financial advisor for individual, institutional, foreign and domestic, private and government clients. Established in 1992, PT Danareksa Sekuritas is a securities company that performs activities as a securities broker, underwriter, or arranger and financial advisor.

Thematic (Sector/Industry)

Indonesia Financials / Thematic (Sector/Industry)

<ul><li>Rising mortgage rates shall be one of the drivers of higher yieldsin FY24, inline with our sector thesis.</li><li>Among the big-4 banks, BBCA has the highest contribution from mortgages at 15.4% of total loans, followed by BBNI.</li><li>Maintain Overweight on the sector’s decent earnings growth, sound macro outlook, and potential rate cuts; BBCA and BMRI as ourtop picks.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Rising mortgage rates shall be one of the drivers of higher yieldsin FY24, inline with our sector thesis.Among the big-4 banks, BBCA has the highest contribution from mortgages at 15.4% of total loans, followed by BBNI.Maintain Overweight on the sector’s decent earnings growth, sound macro outlook, and potential rate cuts; BBCA and BMRI as ourtop picks.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Banks: On-Track for Higher Yields and NIMs in FY24 (OVERWEIGHT)