Analysts are unanimously providing \u2018buy\u2019 recommendations for the\nshares of PT Bank Rakyat Indonesia (Persero) Tbk (BBRI). This consensus\nstems from the company\u2019s positive performance throughout the first half\nof 2026.<\/p>\n
As reported on Monday, BRI achieved a net profit of Rp31.2 trillion\nduring the first semester of 2\/2026, a 17.5% increase year-on-year from\nRp26.53 trillion in the first semester of 2025. Net interest income and\ninsurance service income rose by 10.13% year-on-year to Rp81.18\ntrillion.<\/p>\n
Indo Premier noted that these profit figures exceeded both their own\nestimates and the consensus for the 2026 fiscal year, representing 52%\nand 53% of those targets, respectively.<\/p>\n
Meanwhile, JP Morgan stated that BRI\u2019s performance surpassed their\nestimates by 21% and exceeded market expectations by approximately\n12%.<\/p>\n
Similarly, BNI Sekuritas mentioned that BRI\u2019s profit achievement\naccounted for 52% of their estimates and 53% of the consensus estimates\nfor the 2026 fiscal year.<\/p>\n
All three securities firms highlighted BRI\u2019s relatively flat interest\nincome growth, which rose by only 5.41% in the first semester of 2026.\nIndo Premier and JP Morgan noted that the increase in interest income\nwas supported by BRI\u2019s ability to reduce costs, while BNI Sekuritas\nemphasised the role of BRI\u2019s subsidiary, PT Pegadaian, as a driver of\nthe parent company\u2019s performance.<\/p>\n
BRI\u2019s credit growth, which has exceeded the bank\u2019s business plan\n(RBB) for this year, was also a focal point for the three firms. Total\nconsolidated credit and financing for BRI grew by 16.2% year-on-year to\nRp1,646 trillion.<\/p>\n
This increase was accompanied by improvements in asset quality. The\nnon-performing loan (NPL) ratio fell to 2.9%, while NPL coverage rose to\n180%. The loan at risk (LAR) ratio decreased to 9.2%, while LAR coverage\nincreased by 57%.<\/p>\n
Indo Premier highlighted several significant improvements in the\nmicro segment. Notably, net credit quality deterioration (NPL) fell to\nan average of Rp1.7 trillion in 2Q26, compared to Rp2 trillion in 1Q26\nand a peak of Rp3.5 trillion in January 2025.<\/p>\n
On the other hand, BRI\u2019s credit growth was also supported by the\ncorporate and commercial segments, which increased by 47% and 58%\nyear-on-year, respectively. Indo Premier stated that this has prompted a\nrevision of the 2026 credit growth guidance to 8-10%.<\/p>\n
JP Morgan assessed that the placement of government funds and BRI\u2019s\nability to place such funds at high interest rates set by Bank Indonesia\nwill be important drivers for the net interest margin (NIM) ratio,\nalongside commercial lending.<\/p>\n
According to BNI Sekuritas, BRI is the only large state-owned bank\nthat has not revised its NIM guidance downwards. Consequently, BNI\nSekuritas recommends a \u2018buy\u2019 for BBRI shares, setting a target price of\nRp4,500 over the next 12 months.<\/p>\n
Indo Premier shares a similar view, targeting a price of Rp4,600 and\nrecommending a \u2018buy\u2019. Meanwhile, JP Morgan has assigned an \u2018overweight\u2019\nrating to BBRI shares, with a target price of Rp3,400 by June 2027.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/analysts-unanimously-recommend-buying-bbri-shares-here-is-why-1788324912", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }