In Riset

BNIS Daily Report of January 16, 2020

 

 

RESEARCH REPORT

Banking Sector: Better Earning Growth

 

Key Highlight:

  • Low to mid double digit earnings growth in 2020F
  • Manageable loan quality
  • Expect to see more M&A activities

 

Analyst: Posmarito Pakpahan (posmarito.pakpahan@bnisekuritas.co.id)

 

 

COMPANY/INDUSTRY UPDATE:

  • PT Ace Hardware Indonesia Tbk (ACES):  Budgeting Capital Expenditure (capex) of Rp150Bn this year. SELL. Analyst: William Siregar.

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