BMRI.JK - PT Bank Mandiri (Persero) Tbk

Jakarta - Jakarta Delayed Price. Currency in IDR
8,075.00
-75.00 (-0.92%)
At close: 4:12PM WIB
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Previous Close8,150.00
Open8,075.00
Bid8,050.00 x 0
Ask8,100.00 x 0
Day's Range7,975.00 - 8,125.00
52 Week Range6,175.00 - 8,125.00
Volume73,313,200
Avg. Volume42,669,070
Market Cap376.834T
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateJul 17, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est8,435.50
  • Indonesia's Biggest Fund Turns Bullish on Banks, Property Stocks
    Bloomberg21 days ago

    Indonesia's Biggest Fund Turns Bullish on Banks, Property Stocks

    (Bloomberg) -- Follow Bloomberg on LINE messenger for all the business news and analysis you need.Indonesian banks and property stocks are beginning to look more appealing with the central bank signaling a cut in interest rates for the first time in almost two years, according to the nation’s largest mutual fund.Bank Indonesia’s decision to slash the reserve ratio requirement for lenders starting next month is set to lower the cost of funds, said Alvin Pattisahusiwa, president director of PT Mandiri Manajemen Investasi. With the central bank saying a rate cut is only “a matter of time and magnitude,” rate-sensitive sectors such as financials and property will perform better in the short term, he said.“Interest rates will decline in the short term and we can look at the banks and property stocks, which are interest-rate sensitive,” Pattisahusiwa, whose mutual funds manage 49.3 trillion rupiah ($3.5 billion) of assets, said in an interview. A higher threshold for luxury tax on condos “is good for the property market, especially for those companies in the middle-to-high residential segment,” he said.Pattisahusiwa declined to identify the winners among banking and property stocks. Some of his funds hold PT Bank Central Asia, Southeast Asia’s largest bank by market value, PT Bank Rakyat Indonesia and state-construction firm PT Wijaya Karya, according to data compiled by Bloomberg.Two indexes made up of banks and non-bank finance companies and construction and property stocks are among the top performers in Indonesia this year as President Joko Widodo’s re-election fuels optimism he may carry on with the multi-billion dollar infrastructure boom, the highlight of his first term in office. The government is finalizing a $412 billion infrastructure spending plan for the next five years, which should benefit construction firms and banks seeking to finance projects.As Jokowi, as Widodo is commonly known, tries to fix the country’s current account deficit by promoting manufacturing and reducing the reliance on commodity exports, investors may find opportunities to buy into companies poised to benefit from the president’s initiatives, Pattisahusiwa said.Pattisahusiwa, whose fund is owned by PT Bank Mandiri, is betting on increased foreign fund flows into Southeast Asia’s largest economy as Indonesia sovereign bond yield differentials become wider, with the U.S. Federal Reserve flagging a rate cut and as the rupiah remains stable.Foreign funds funneled $1.2 billion into government bonds this month and the inflows may continue, given the positive outlook for the nation’s economy, according to Bank Indonesia Governor Perry Warjiyo. The benchmark 10-year bonds rallied for 10 straight days through June 20, pushing yields down to an 11-month low last week.The benchmark Jakarta Composite Index has rallied more than 8% after hitting a six-month low on May 17 with construction, property and infrastructure companies leading the gain. Mandiri Manajemen sees the index reaching 6,600 by the end of the year, Pattisahusiwa said.(Updates with stock index performance in final paragraph.)To contact the reporters on this story: Fathiya Dahrul in Jakarta at fdahrul@bloomberg.net;Rieka Rahadiana in Jakarta at rrahadiana@bloomberg.netTo contact the editors responsible for this story: Thomas Kutty Abraham at tabraham4@bloomberg.net, ;Divya Balji at dbalji1@bloomberg.net, Teo Chian WeiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Thomson Reuters StreetEvents3 months ago

    Edited Transcript of BMRI.JK earnings conference call or presentation 29-Apr-19 10:00am GMT

    Q1 2019 Bank Mandiri (Persero) Tbk PT Earnings Call

  • Reuters3 months ago

    SE Asia Stocks-Most rise on strong U.S. and China data; Singapore outperforms

    * Financials lead rally in Singapore, Indonesia * Investors now eye China factory data, Fed meet By Aditya Soni April 29 (Reuters) - Most Southeast Asian stock markets rose on Monday, in line with broader ...

  • Reuters3 months ago

    SE Asia Stocks-Indonesia gains on Widodo's likely re-election; Vietnam falls

    * Indonesia posts 1.3 pct weekly gain * Vietnam hits 2-mth closing low * Singapore stocks gain for 6th straight week By Niyati Shetty April 18 (Reuters) - Indonesian stocks ended higher on Thursday as ...

  • Reuters3 months ago

    SE Asia Stocks-Indonesia jumps to near 14-month high as Jokowi set for re-election

    * Malaysia extends losses to more than 3-yr low * Telecom, industrial stocks weigh on Thailand By Niyati Shetty April 18 (Reuters) - Indonesian stocks jumped to a near 14-month high on Thursday after early ...

  • Reuters3 months ago

    SE Asia Stocks-Most rise ahead of China's growth data; Vietnam drops

    * Vietnam posts lowest close in nearly 3 weeks * Philippines snaps three consecutive sessions of losses * Indonesian presidential elections on April 17 By Shreya Mariam Job April 16 (Reuters) - Most Southeast ...

  • Reuters3 months ago

    SE Asia Stocks-Most end weaker on global growth worries, trade friction

    * Investors eye China March trade data * Malaysia posts third straight session of losses * Philippines snaps three sessions of gains By Shreya Mariam Job April 11 (Reuters) - Most Southeast Asian stock ...

  • Reuters3 months ago

    SE Asia Stocks-Muted; eyes on trade talks, U.S. job data

    * Trump said trade deal with China might be out in 4 weeks * Singapore posts biggest weekly gain in 12 weeks * Philippine inflation eases, interest rate cut expected By Shreya Mariam Job April 5 (Reuters) ...

  • Moody's3 months ago

    Bank Mandiri (P.T.) -- Moody's assigns (P)Baa2 to Bank Mandiri (P.T.)'s USD2 billion EMTN program

    Moody's Investors Service has assigned a (P)Baa2 long-term foreign currency senior unsecured rating to Bank Mandiri (P.T.)'s (Baa2 stable, baa3) USD2 billion Euro Medium Term Note (EMTN) program. Bank Mandiri's Baa2 deposit rating incorporates one notch of uplift from the bank's baseline credit assessment (BCA) of baa3, based on Moody's assessment of a very high probability of support from the Government of Indonesia (Baa2 stable), in times of need. Bank Mandiri's BCA of baa3 is underpinned by its robust profitability and strong funding and liquidity.

  • Reuters5 months ago

    SE Asia Stocks-Thailand ends higher as consumer, energy stocks gain; Indonesia slips

    * Indonesia snaps two straight weeks of losses * Thai stocks climb to highest since Dec 4 * Malaysia posts third straight weekly gain By Shreya Mariam Job Feb 22 (Reuters) - Thailand recovered early losses ...

  • Reuters5 months ago

    SE Asia Stocks-Most rise on hopes of U.S.-China trade deal by March 1 deadline

    * Vietnam hits over 4-month high * Indonesian c.bank holds interest rates * Malaysia gains for fourth straight session By Shreya Mariam Job Feb 21 (Reuters) - Most Southeast Asian stock markets closed ...

  • Reuters5 months ago

    BRIEF-CB Industrial Product Holding Says Unit Received LoA Of Contracts From Pt Kodeco Agrojaya Mandiri

    Feb 13 (Reuters) - CB Industrial Product Holding Bhd : * UNIT RECEIVED LOA OF CONTRACTS FROM PT KODECO AGROJAYA MANDIRI WITH TOTAL COMBINED CONTRACT VALUE OF ABOUT RM87 MILLION * LOAS EXPECTED TO CONTRIBUTE ...

  • Thomson Reuters StreetEvents5 months ago

    Edited Transcript of BMRI.JK earnings conference call or presentation 28-Jan-19 10:00am GMT

    Full Year 2018 Bank Mandiri (Persero) Tbk PT Earnings Call

  • Indonesia set for mega bank shake-up in bid to create national champion
    Reuters5 months ago

    Indonesia set for mega bank shake-up in bid to create national champion

    Indonesia will finalize in May a plan to put four state banks under a holding company, marking the sector's biggest shake-up since the Asian financial crisis as authorities try to create a lending powerhouse in Southeast Asia's biggest economy. PT Danareksa, a government-owned financial company, will be set up to act as a holding company, State-Owned Enterprises Minister Rini Soemarno told reporters on Wednesday. The four banks are Bank Mandiri, Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI) and Bank Tabungan Negara (BTN).

  • Reuters6 months ago

    SE Asia Stocks-Philippine shares shed early gains; most others subdued

    * Indonesia index falls, Thai shares edge up * China's industrial earnings shrink in Dec * Comprehensive U.S.-China deal will elude - analyst By Mensholong Lepcha Jan 28 (Reuters) - Philippine shares ended ...

  • Reuters6 months ago

    SE Asia Stocks-Most rise, Indonesia leads pack ahead of cenbank meet

    * Indonesia set for third straight session of gains * Singapore falls as Dec exports shrink By Shreya Mariam Job Jan 17 (Reuters) - Most Southeast Asian stock markets rose on Thursday with Indonesia leading ...

  • Reuters6 months ago

    SE Asia Stocks-Climb as U.S. and China inch toward trade deal

    * Philippine stocks gain 2 pct * Indonesia, Thailand rise for fourth straight session * China inflation data due Thursday By Niyati Shetty Jan 9 (Reuters) - Southeast Asian stock markets rose on Wednesday ...

  • Reuters7 months ago

    SE Asia Stocks-Slide on global economic worries

    * Deluge of negative political news hits sentiment * Vietnam on track for 7-day losing streak * Philippines top loser in the region By Rashmi Ashok Dec 21 (Reuters) - Shares across Southeast Asia tumbled ...

  • Reuters7 months ago

    SE Asia Stocks-Slip tracking broader Asia as Fed retains rate hike plan

    * Thailand falls after energy stocks down on oil slump * People were hoping Fed would extend a lifeline - analyst * Indonesia leads losses in the region By Rashmi Ashok Dec 20 (Reuters) - Southeast Asian ...