Menu
Strength
In Oct-24, BBNI’s NII increased 9.8% MoM, driven by USD loan yield adjustment, +2.5bps MoM improvement in NIM to 4.1% (Y/E Guidance: 4.0%) and stable CIR at 44%
Weakness
10M24 LDR rose to 78.0% (+783 bps YoY), highest since 6M20, primarily due to significant gap between deposit (2.7% YoY) and loan growth (14.2% YoY)
Opportunity
BBNI plans to disburse more loans to commercial and SME segments, offering higher yields, which alleviates NIM pressure; share price underperformance provides buying opportunities
Threat
BBNI’s NPL (2.0% in 3Q24) could rise if the bank disburses SME loans without prudent risk management, particularly in high interest rate environment
Samuel Sekuritas Indonesia is a leading Indonesian securities brokerage firm. Established in 1997, the firm has grown to become one of the most respected and trusted financial services companies in the country. With a wide range of services and products, Samuel Sekuritas Indonesia has become a trusted partner to many investors, both institutional and individual.
The company offers a variety of financial services, including equity, debt and derivative securities brokerage services, research and portfolio management, asset management and capital market services, as well as a range of other investment solutions. Samuel Sekuritas Indonesia is also a leader in providing financial education and training, and has established itself as a leading provider of investor relations services.
The company has a strong research capability and is committed to providing its clients with up-to-date and reliable market analysis and recommendations. It also has a team of experienced and knowledgeable professionals who are dedicated to providing quality service to its clients. As a result, Samuel Sekuritas Indonesia has become a preferred partner for many investors in Indonesia.
In addition to its financial services, Samuel Sekuritas Indonesia also offers a range of other services, such as corporate finance and advisory services, mergers and acquisitions, and venture capital.
