Bank Tabungan Negara (Persero)'s earnings outlook this year appears constructive, Nomura's Tushar Mohata says in a research report. Supporting factors are declining loan provisions, stable current account savings account deposits, and a recovering net interest margin, the analyst says. Also, further monetary policy easing by Bank Indonesia could support loan demand and re-price funding costs more favorably for Bank Tabungan Negara. Additionally, the bank's structural exposure to the Indonesian government-subsidized mortgage segment provides volume visibility. Nomura increases its 2026-2027 earnings forecasts for the bank by 0.3%-3.9%. It raises the stock's target price to IDR1,245.00 from IDR980.00 with an unchanged neutral rating. Shares are 1.5% higher at IDR1,325.00. (ronnie.harui@wsj.com)