Opportunities for BBRI shares related to profit in the second quarter of 2022 show quite rapid growth. The shares of PT Bank Rakyat Indonesia Tbk (BBRI) or BRI will continue to be purchased with a target price of Rp 5,500.
Of course, the results of the price target take into account the expectations of financial performance, which are indeed growing more rapidly.
This has been predicted since the beginning of the year. However, the movement of the stock price of PT Bank Rakyat Indonesia Tbk has not received much appreciation from market players.
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Latest BBRI Stock Opportunities Development
This happened after the integration of Pegadaian and PNM last year. Meanwhile, towards the end of semester I/2022, the stock price with the code BBRI rose 4.38 percent since the beginning of the year.
Actually, RHB Sekuritas Indonesia analyst Ryan Santoso and Andrey Wijaya have also explained that BRI has a prediction that it will succeed. Especially in scoring a surge in net profit in the second quarter of 2022.
The possibility of this prediction goes hand in hand with the prediction of interest income which also grows better.
Unfortunately, the best report cards have not affected the movement of BBRI’s stock prices on the Indonesian Stock Exchange floor.
Because the stock price of BBRI has a record that is still at the level of Rp 4,360. The note was at the end of trading Thursday (4/8/2022).
From the note it shows that the position gave a 0.46 percent correction mark in the last 5 days.
Then the rapid net profit is supported by the company’s credit growth which continues to rise, along with estimates of a decrease in interest expenses. Even in line with the decline in the cost of funds (CoF).
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Net Profit Opportunity
Actually, an opportunity for BBRI shares to increase net profit can be seen from the rapid growth of PPOP.
This also happens until May 2022 with an estimate of 31 percent. In addition, the results of these figures have reflected 46.5%.
From the acquisition target for the current year, the results of the surge in profit are influenced by the recovery in economic activity after the Covid-19 pandemic.
Then over time, BRI recorded a credit growth of around 9.5% until May 2022.
Different parties estimate each other’s calculations. Even RHB Sekuritas also stated that the growth was due to the increasing demand for consumer credit.
Especially from the small and medium business segment. The company is also said to be successful in distributing people’s business loans or KUR up to Rp 104.5 trillion.
Of course, to 2.7 million from small and medium enterprises during January to May 2022. They even estimate BBRI’s net profit to jump to Rp 37.49 trillion this year.
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This is compared to last year’s Rp 30.75 trillion. It was the opportunity for a performance spike that eventually prompted RHB to maintain buying BBRI shares, for the target price of Rp 5,500.
Opportunities BBRI shares show a fairly good growth. So according to estimates will continue to skyrocket in the future. This cannot be separated from strong calculations and estimates with an accurate basis. (R10/HR-Online)