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)
Bank Tabungan Negara Earnings Outlook Appears Constructive — Market Talk
PT Bank Tabungan Negara (Persero) Tbk on 6ix
Story so far
Earlier from PT Bank Tabungan Negara (Persero)
- Bank Tabungan Negara's 2026 Guidance Might Be Revised Positively — Market Talk
- Moody Ratings Says Agency Changes Outlooks On 5 Indonesian Banks To Negative Following Change In Sovereign Outlook
- Indonesia considers further liquidity injection for state banks
- Indonesia finance minister expects growth of 6% after $12 billion liquidity injection
- Indonesia may shift government funds to regional banks to boost growth
Later from PT Bank Tabungan Negara (Persero)
- Bank Tabungan Negara Set to Benefit From Likely Execution on Asset Purchase — Market Talk
- Signing of the Conditional Loan Asset Transfer Agreement between the Company and PT Bank SMBC Indonesia Tbk (SMBCI)
- Report of ownership or any changes in share ownership of public companies
- BTN Jakarta International Marathon 2026 Draws 45,500 Runners from 52 Countries
- Summary of Amendments to the Articles of Association
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