External broker reports(aggregated public sources), MNC Sekuritas

MNC Sekuritas

MNC Sekuritas, the first wholly-owned subsidiary established by the Group back in 1989, provides a complete range of services, from equity, fixed income, investment banking to providing research to optimize clients’ investments. Thus far, the company has more than 140 points of sales with over 100,000 clients. 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)

Equity Bottom-Up

Bank Negara Indonesia Persero / Equity Bottom-Up

<ul><li>BBNI booked IDR21.5tn of net profit in FY24 (+2.7% YoY/ -8.2% QoQ), which was slightly below consensus target but in line with MNCS estimates.</li><li>Net interest income fell by -1.9% YoY to IDR40tn in FY24. Non-interest income increased by +11.9% YoY to IDR24tn in FY24.</li><li>Opex increased by +7% YoY to IDR29.7tn and CIR was up by +170bps to 44.6%. Provision stood at IDR8.2tn (-10.7% YoY). </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>

BBNI booked IDR21.5tn of net profit in FY24 (+2.7% YoY/ -8.2% QoQ), which was slightly below consensus target but in line with MNCS estimates.Net interest income fell by -1.9% YoY to IDR40tn in FY24. Non-interest income increased by +11.9% YoY to IDR24tn in FY24.Opex increased by +7% YoY to IDR29.7tn and CIR was up by +170bps to 44.6%. Provision stood at IDR8.2tn (-10.7% YoY). 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.

BBNI IJ - Modest 2025 Outlook Amid Liquidity Challenges