{"id":4234,"date":"2024-06-14T12:17:21","date_gmt":"2024-06-14T05:17:21","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=4234"},"modified":"2024-06-14T12:17:21","modified_gmt":"2024-06-14T05:17:21","slug":"bri-leadership-bought-bbri-shares-shows-confidence-in-future-performance","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=4234","title":{"rendered":"BRI Leadership Bought BBRI Shares, Shows Confidence in Future Performance"},"content":{"rendered":"

JAKARTA, Indonesia<\/span>, June 13, 2024<\/span> \/PRNewswire\/ — PT. Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) directors have been actively buying BBRI shares, according to information disclosed to the Indonesia Stock Exchange (BEI) on June 12<\/span>.<\/p>\n

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BRI’s Deputy CEO, Catur Budi Harto purchased 230,000 BBRI shares on June 7<\/span>th, bringing his total holdings to 4,045,557 shares. On the same day, BRI’s CFO, Viviana, also purchased 280,000 BBRI shares, bringing her total holdings to 3,659,500 shares. On June 10<\/span>th, the Director of Micro Business, Supari, purchased 213,300 BBRI shares, bringing his holdings to 4,970,914 shares.<\/p>\n

“The transaction is for personal investment purposes,” Agustya Hendy Bernadi, BRI’s corporate secretary, said in response.<\/p>\n

Despite a 23% year-to-date decline in BBRI stocks, the company continues to show strong growth. RHB Securities analysts Andrey Wijaya<\/span> and David Chong<\/span>, in their June 11, 2024<\/span>, research, suggest a potential price increase, noting that the risks are already factored in.<\/p>\n

BRI’s financial report shows it led Big Cap banks with the fastest profit growth during the first four months of 2024, up 4.5% year-on-year. This increase, driven by robust loan growth and an effective cost of credit (CoC), included a 12% year-on-year loan increase in April. Analysts Andrey and David emphasized BBRI’s sector-leading performance, “CoC for 4M24 dropped to 3.7% (3M24; 3.8%), with expectations to drop below 3% for the entire year. CASA and LDR ratios remain stable,” they detailed in their research.<\/p>\n

The 4.5% profit growth for the first four months of 2024 also met analysts’ expectations, equivalent to 28% of the forecast for the year. Based on such promising potential, RHB Securities maintains and affirms a Buy recommendation for BBRI stocks with a target price of Rp6,300<\/span> per share, predicting a 40% potential increase, aligned with excellent performance.<\/p>\n

Also, 33 analysts unanimously recommend buying BBRI stocks based on Bloomberg consensus. Not a single analyst recommends selling. All of them firmly gave a Buy rating. The Bloomberg consensus yields a potential target price of Rp6,105<\/span> per share for the upcoming 12 months.<\/p>\n

Recently, Jayden Vantarakis, an analyst at Macquarie, gave a buy recommendation with a target price of Rp6,630<\/span> per share. Moreover, Erni M. Siahaan<\/span>, an analyst at Ciptadana Securities, also gave a buy recommendation with a target price of Rp7,000<\/span> per share.<\/p>\n

For more information on BRI, visit www.bri.co.id<\/a><\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

<\/p>\n

JAKARTA, Indonesia<\/span>, June 13, 2024<\/span> \/PRNewswire\/ — PT. Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) directors have been actively buying BBRI shares, according to information disclosed to the Indonesia Stock Exchange (BEI) on June 12<\/span>.<\/p>\n

\n

<\/a>
<\/span><\/p>\n<\/div>\n

BRI’s Deputy CEO, Catur Budi Harto purchased 230,000 BBRI shares on June 7<\/span>th, bringing his total holdings to 4,045,557 shares. On the same day, BRI’s CFO, Viviana, also purchased 280,000 BBRI shares, bringing her total holdings to 3,659,500 shares. On June 10<\/span>th, the Director of Micro Business, Supari, purchased 213,300 BBRI shares, bringing his holdings to 4,970,914 shares.<\/p>\n

“The transaction is for personal investment purposes,” Agustya Hendy Bernadi, BRI’s corporate secretary, said in response.<\/p>\n

Despite a 23% year-to-date decline in BBRI stocks, the company continues to show strong growth. RHB Securities analysts Andrey Wijaya<\/span> and David Chong<\/span>, in their June 11, 2024<\/span>, research, suggest a potential price increase, noting that the risks are already factored in.<\/p>\n

BRI’s financial report shows it led Big Cap banks with the fastest profit growth during the first four months of 2024, up 4.5% year-on-year. This increase, driven by robust loan growth and an effective cost of credit (CoC), included a 12% year-on-year loan increase in April. Analysts Andrey and David emphasized BBRI’s sector-leading performance, “CoC for 4M24 dropped to 3.7% (3M24; 3.8%), with expectations to drop below 3% for the entire year. CASA and LDR ratios remain stable,” they detailed in their research.<\/p>\n

The 4.5% profit growth for the first four months of 2024 also met analysts’ expectations, equivalent to 28% of the forecast for the year. Based on such promising potential, RHB Securities maintains and affirms a Buy recommendation for BBRI stocks with a target price of Rp6,300<\/span> per share, predicting a 40% potential increase, aligned with excellent performance.<\/p>\n

Also, 33 analysts unanimously recommend buying BBRI stocks based on Bloomberg consensus. Not a single analyst recommends selling. All of them firmly gave a Buy rating. The Bloomberg consensus yields a potential target price of Rp6,105<\/span> per share for the upcoming 12 months.<\/p>\n

Recently, Jayden Vantarakis, an analyst at Macquarie, gave a buy recommendation with a target price of Rp6,630<\/span> per share. Moreover, Erni M. Siahaan<\/span>, an analyst at Ciptadana Securities, also gave a buy recommendation with a target price of Rp7,000<\/span> per share.<\/p>\n

For more information on BRI, visit www.bri.co.id<\/a><\/p>\n

<\/div>\n

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