Top Stories
Company Results | Bank Central Asia (BBCA IJ/BUY/Rp6,275/Target: Rp8,150)
BBCA’s 2Q26 net profit rose 1.1% qoq to Rp14.9t, bringing 1H26 earnings to Rp29.5t (+1.7% yoy), in line with expectations. PPOP remained soft, but loan growth accelerated to 8.0% yoy, led by selective corporate lending. Management expects NIM to improve in 2H26 as new loans carry higher yields. Strong CASA, ample liquidity and manageable asset quality preserve BBCA’s defensive strengths. Maintain BUY with an unchanged target price of Rp8,150.
Technical Analysis
Chandra Asri Pacific | TPIA IJ
Trading Buy Range: We have a technical Buy at Rp2,180, and take profit at Rp2,350.
Sawit Sumbermas Sarana | SSMS IJ
Trading Buy Range: We have a technical Buy at Rp960, and take profit at Rp1,035.
Top Stories
Company Results | Bank Central Asia (BBCA IJ/BUY/Rp6,275/Target: Rp8,150)
BBCA’s 2Q26 net profit rose 1.1% qoq to Rp14.9t, bringing 1H26 earnings to Rp29.5t (+1.7% yoy), in line with expectations. PPOP remained soft, but loan growth accelerated to 8.0% yoy, led by selective corporate lending. Management expects NIM to improve in 2H26 as new loans carry higher yields. Strong CASA, ample liquidity and manageable asset quality preserve BBCA’s defensive strengths. Maintain BUY with an unchanged target price of Rp8,150.
Technical Analysis
Chandra Asri Pacific | TPIA IJ
Trading Buy Range: We have a technical Buy at Rp2,180, and take profit at Rp2,350.
Sawit Sumbermas Sarana | SSMS IJ
Trading Buy Range: We have a technical Buy at Rp960, and take profit at Rp1,035.
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