Listed Company Analysis – BBCA


Today listed company analysis is super well known in millennials and baby boomers, most of us definitely have an account here, if we domicile in big cities in Indonesia. PT BANK CENTRAL ASIA, TBK is the name or as we called BBCA in the stock market. The main headquarter is in Menara BCA Grand Indonesia where located in the center of Greater Jakarta City, Indonesia. While we look at the Indonesian Banking society, Indonesia had strong growth by the fact in 2019, there are 4 banks increase their capital by 20%. BBCA number is 19.05%, and this makes BBCA the third in Indonesia rank and fourth in APAC excludes China and Japan with return on asset 3,11%. WOW indeed, and because this already August, time to look more about how well the first semester of 2020 goes.

Company Information

PT Bank Central Asia Tbk offers individual and business products and services. The Bank Individual’s services consist of savings accounts, home loans and car loans, remittance, collection, and safe deposit facilities. BBCA majority shares are hold by PT Dwimuria Investama Andalan 54.94% and the rest publicly traded. BBCA IPO-ed on 31 May 2000 with PT Danareksa Sekuritas and PT Bahana Securities as the underwriter. On the first publicly traded, BBCA share is priced IDR 1.400/share. But now as we can see it already at IDR 31.200/share, more than 22 times since the first IPO, its huge! Based on the first semester of 2020, BBCA manages to get net profit IDR 12.24 T a little downward compare to 2019 performance IDR 12.86 T.

Key Financial Statistics

Financial Statement BBCA Semester 1
Financial Ratios BBCA Semester 1

Highlights of 2020

  • PT Bank Central Asia Tbk spotted at position 129 in Top 1.000 World Banks 2020 The Banker version.
  • Thursday, 30 July 2020 subsidiary of BBCA, PT BCA Finance will acquisition PT Bank Rabobank International Indonesia by acquired 3.719.069 shares or 100% of Rabobank entirely. Supposedly done by September 2020.
  • BBCA will actively restructure credit for lightening the stakeholder burden with total amount IDR 595.1 T, re-structurization will be about 30%, currently in 20% done.
  • Digital Channel Platform Services will keep being boosted, the result showed 11.9% grow till June 2020, 22.5 million accounts opened online.

Target Price

Mirae Asset Daewoo Co., LtdHold Rating29.270
UOB Kay HianHold Rating32.550
Credit SuisseBuy Rating40.400
J.P. MorganBuy Rating34.000
Yuanta SecuritiesHold Rating29.700
Bahana SecuritiesBuy Rating37.500
Ciptadana SekuritasBuy Rating32.100
NomuraBuy Rating37.500
DanareksaBuy Rating30.200
Mandiri SekuritasNeutral Rating26.500
RHB ResearchBuy Rating31.900
Indo Premier SecuritiesHold Rating26.000
Korea InvestmentBuy Rating33.750
MacquarieBuy Rating31.300
Trimegah SecuritiesHold Rating30.200
HopemityBuy Rating32.400
BBCA Target Price of Series 51

10 Out of 16 recommended buy on BBCA, the investor confidence for this company is high.

Closing

If you seek a company for long term investment, BBCA is one of the best in IHSG. BBCA is healthy and full of potential, currently the leading bank for digital banking with their capability and ongoing projects that keeps setting the bar high for the standard banking in Indonesia. Easy transactions and best quality customer service are the reason for people choose BBCA as their bank. 


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