RHB Research Favors Indonesian Banks Amid Earnings Growth Rebound -- Market Talk

Dow Jones

Jan 08, 2025

0633 GMT - RHB Research favors Indonesian banks over those in Malaysia and Singapore, its analysts write in a research report. Earnings growth for Indonesian banks is expected to rebound this year after underperforming last year, the analysts note. Meanwhile, returns from Singaporean and Malaysian banking stocks are likely to be more modest this year, partly due to mean reversion, they add. A recovery in earnings growth and more "palatable" valuations make Indonesian banks RHB's top sector pick in the region. RHB has buy ratings on Indonesian banks, with target prices of IDR8,100.00 for Bank Mandiri, IDR5,700.00 for Bank Rakyat Indonesia, and IDR3,500.00 for Bank Syariah Indonesia. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 08, 2025 01:33 ET (06:33 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2501901718"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2501901718\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2501901718?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-08 14:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2501901718","market":"other","top_or_hot":-1,"title":"RHB Research Favors Indonesian Banks Amid Earnings Growth Rebound -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0633 GMT - RHB Research favors Indonesian banks over those in Malaysia and Singapore, its analysts write in a research report. Earnings growth for Indonesian banks is expected to rebound this year after underperforming last year, the analysts note. Meanwhile, returns from Singaporean and Malaysian banking stocks are likely to be more modest this year, partly due to mean reversion, they add. A recovery in earnings growth and more \"palatable\" valuations make Indonesian banks RHB's top sector pick in the region. RHB has buy ratings on Indonesian banks, with target prices of IDR8,100.00 for Bank Mandiri, IDR5,700.00 for <a href=\"https://laohu8.com/S/BKRKF\">Bank Rakyat</a> Indonesia, and IDR3,500.00 for Bank Syariah Indonesia. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 08, 2025 01:33 ET (06:33 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>RHB Research Favors Indonesian Banks Amid Earnings Growth Rebound -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRHB Research Favors Indonesian Banks Amid Earnings Growth Rebound -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-08 14:33</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0633 GMT - RHB Research favors Indonesian banks over those in Malaysia and Singapore, its analysts write in a research report. Earnings growth for Indonesian banks is expected to rebound this year after underperforming last year, the analysts note. Meanwhile, returns from Singaporean and Malaysian banking stocks are likely to be more modest this year, partly due to mean reversion, they add. A recovery in earnings growth and more \"palatable\" valuations make Indonesian banks RHB's top sector pick in the region. RHB has buy ratings on Indonesian banks, with target prices of IDR8,100.00 for Bank Mandiri, IDR5,700.00 for <a href=\"https://laohu8.com/S/BKRKF\">Bank Rakyat</a> Indonesia, and IDR3,500.00 for Bank Syariah Indonesia. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 08, 2025 01:33 ET (06:33 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PPERY","symbol_name":"PT Bank Mandiri Persero TBK","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2501901718","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501901718","pubTimestamp":1736317980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0633 GMT - RHB Research favors Indonesian banks over those in Malaysia and Singapore, its analysts write in a research report. Earnings growth for Indonesian banks is expected to rebound this year after underperforming last year, the analysts note. Meanwhile, returns from Singaporean and Malaysian banking stocks are likely to be more modest this year, partly due to mean reversion, they add. A recovery in earnings growth and more \"palatable\" valuations make Indonesian banks RHB's top sector pick in the region. RHB has buy ratings on Indonesian banks, with target prices of IDR8,100.00 for Bank Mandiri, IDR5,700.00 for Bank Rakyat Indonesia, and IDR3,500.00 for Bank Syariah Indonesia. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PPERY":"PT Bank Mandiri Persero TBK","BKRKY":"Bank Rakyat"},"translate_title":"兴业银行研究看好印尼银行盈利增长反弹——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PPERY":0.9,"BKRKY":0.9},"content_text":"0633 GMT - RHB Research favors Indonesian banks over those in Malaysia and Singapore, its analysts write in a research report. Earnings growth for Indonesian banks is expected to rebound this year after underperforming last year, the analysts note. Meanwhile, returns from Singaporean and Malaysian banking stocks are likely to be more modest this year, partly due to mean reversion, they add. A recovery in earnings growth and more \"palatable\" valuations make Indonesian banks RHB's top sector pick in the region. RHB has buy ratings on Indonesian banks, with target prices of IDR8,100.00 for Bank Mandiri, IDR5,700.00 for Bank Rakyat Indonesia, and IDR3,500.00 for Bank Syariah Indonesia. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 08, 2025 01:33 ET (06:33 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}