Bank Syariah Indonesia (BRIS.IJ) - Robust Fee-Based Income but Offset by Lower NIM and Higher Opex
BRIS booked NP of Rp1.8tr in 3Q25 (-2% qoq, +7% yoy) bringing its 9M25 NP to Rp5.6tr (+9% yoy), falling short of ours and consensus’ FY25F.
231 Views
Bank Syariah Indonesia (BRIS.IJ) - 2Q25 Earnings: A Slight Miss on Elevated Opex
BRIS reported a 10% yoy growth in net profit to Rp3.7tr in 1H25, slightly below at 48/47% of our/cons, driven by 20% increase in opex.
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BRIS.IJ - In Line 1Q25 Results: Solid Earnings Supported by Gold Business
Downgrade rating to Hold on BRIS with an unchanged TP of Rp2,900, as the stock trades at its fair value after rising 31% in a month.
483 Views
Bank Syariah Indonesia (BRIS.IJ) Attractive Entry Point into Indonesia’s Sharia Growth Story
The bank’s growth story remains intact, with above-peer loan and earnings growth and lower risk of potential government intervention.
485 Views
Banks: Middle Income Trapped (NEUTRAL)
Investment loans continue to be the backbone of growth and asset quality, while deteriorating consumer asset quality persisted in 1H25.
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