Bank BTPN Syariah (BTPS.IJ) - Solid Profit Growth on Robust Asset Quality
Mgmt remains cautious on loan growth, monitoring macro conditions, and expects NIM to stay stable in the coming quarters. We downgrade our rating...
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Bank BTPN Syariah (BTPS.IJ) - Emerging from the Final Leg of Credit Cycle Pain
Loan contraction (flat mom) showed signs of bottoming out, indicating that new disbursements are catching up with maturing loans. Maintain Buy...
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Bank BTPN Syariah (BTPS.IJ) Robust Start in FY25
BTPS booked a net profit of Rp1.1tr in FY24 (-2% yoy), with CoC of 12.6% (FY23: 16.0%), in line with our and consensus FY24 estimates.
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Bank BTPN Syariah (BTPS.IJ) - In Line Net Profit with Improving Asset Quality Trend
BTPS booked a net profit of Rp1.1tr in FY24 (-2% yoy), with CoC of 12.6% (FY23: 16.0%), in line with our and consensus FY24 estimates.
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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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