Jumat, 20 Agustus 2010

JPM Bank Danamon (BDMN) – 2Q10 preview

Aditya Srinath (analyst) hopes to see robust 2Q10 profit from BDMN, strong enough to address pending concerns on the stock (bad historical financial, employee turn-over, management changes etc). He is hoping to see a tick-up in asset quality, loan coverage moving up from 93% to 100% sequentially, while costs being capped. He expects to see NPAT to come in at around Rp850bn, up 15-20% QoQ and doubling YoY. O/W.

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