BBCA.JK Full Year 2020 Result : slightly above expectation

News just come in from the authority that BBCA.JK posted FY20 Net Profit of IDR 27.1 Trillion (-5.0% YoY), down 5% from last year.

Since BBCA is in Banking Sector, It is on asset Quality parameter, NPL (Non Performing Loan) ratio increased from 1.3% last year to 1.8% in FY20. It is worth to note that coverage ratio increased from 189.2% at 2019 to 260.9% in FY20.

key note :
Loan growth
-2.5% YoY
+1.2% QoQ

Deposit growth
+19.3% YoY
+7.7% QoQ

LDR
Dec-20: 65.8%
Sep-20: 69.6%
Dec-19: 80.5%

Gross NPL
Dec-20: 1.8%
Sep-20: 1.9%
Dec-19: 1.3%

NIM
Dec-20: 5.7%
Sep-20: 5.8%
Dec-19: 6.2%

My position still Bullish for BBCA.JK. With target 37000 or above.

BUY : 34925
Target : 37000 or above
SL : 33625

Disclaimer : I am not a finansial advisor and I do not give any financial advise. This is purely my analysis and due diligence. All profits and losses caused by following my post are at your own risk. I do not take any responsible for your trade.