BBCA – Interim dividend amounting IDR35 per share

BBCA – Interim dividend amounting IDR35 per share Bank Central Asia (BBCA) will distributes dividend interim amounting IDR35/share. Announcement date is scheduled yesterday 23 Nov 22, while for Cum and Ex dividend scheduled in 1-6 Dec 22 and payment date will be on 20 Dec 22. (Source : Kontan). Comment: Historically, the bank has consistently recorded solid dividend payment. We forecast dividend yield to reach 1.8% in 2022F. Despite the continuing fear over global uncertainty, spiking inflation and higher policy rates trend which will impacting to higher CoF, we think BBCA earnings could remain solid. Likewise, its strong CAR and RoE which will provides room for the bank to offer stable dividend yield ing forward. Yet, we think the stocks is traded at premium, thus we maintain our Hold call for BBCA.