BBRI - Targets earnings at IDR60 tn

BBRI - Targets earnings at IDR60 tn Bank Rakyat Indonesia (BBRI) aims to record a net profit of IDR 60 trillion next year. According to BBRI, the projections regarding dividend distribution for the 2024 financial year is estimated to be paid at least 70% of the net profit obtained for the full year. The bank will continue to focus on bank capital management. (Source: Kontan). Comment: We believe the target is achievable. With the continuing earnings growth, room for stable high dividend yield will remains and thus will make the stock become remain attractive.