BBRI - Strong ability to maintain huge DPO

Bank Rakyat Indonesia (BBRI) claimed could disburse huge dividend in the next 4 years. The bank has very strong CAR at 24.9%. Historically payout ratio has increased massively to 85% in 2022 from as low as less of yearly earnings previously. (Source : Cnbc Indonesia). Comment : Assuming payout ratio will sustained only at 50%, BBRI’s solid capital remain far above Basel III requirements.This massive dividend will gain traction and made the stock could crawl to re-rating zone and get closer to +1SD. We also like its 1Q23 results achievement which beating ours and street forecast and thus should become as another solid catalyst for BBRI.