Bank Tabungan Negara (BBTN IJ): Inorganic growth to boost sharia business

Bank Tabungan Negara (BBTN IJ)
BUY / TP: IDR:1,860 (+69.9%)
Analyst: Yap Swie Cu

Inorganic growth to boost sharia business
• A move to comply with OJK requirement
• Fairly priced acquisition
• Re-iterate BUY with unchanged TP