In Riset

BNIS Daily Report of May 20, 2020

 

 

RESEARCH REPORT

AALI: Seeds of Opportunity

 

Key Highlights:

  • Jump in bottom line despite lower operational numbers
  • The biggest drop in CPO demand will come from energy
  • A flattish FFB production due to mature tree profile
  • Limited balance sheet risk amidst pandemic
  • Depressed valuation is best reason to enter
  • Key risks are mainly from CPO price

 

Analyst: Firman Hidayat (firman.hidayat@bnisekuritas.co.id)

 

 

RESEARCH REPORT

BBNI: 1Q20 BNI Earning Calls Takeaways

 

Key Highlights:

  • Decent 1Q20 Results.
  • To restructure IDR146.7Tn loan, representing 26.9% of its Mar-20’s loan outstanding.
  • Lower FY20 Guidance.

 

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

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