Bank Tabungan Negara (BBTN IJ): Eyes new subsidized mortgage scheme
Bank Tabungan Negara (BBTN IJ)
BUY / TP: IDR:1,980 (+53.5%)
Analyst: Yap Swie Cu
Eyes new subsidized mortgage scheme
• Tapera program explained
• Tapera’s huge potential, to replace FLPP gradually
• New SSB scheme proposed
• New scheme to provide better returns if funding cost and liquidity is manageable
• Re-iterate BUY amid attractive valuation