BBCA - To disburse dividend IDR205/share

Bank Central Asia (BBCA) approved one of AGM agenda to disburse dividend from FY22 earnings around IDR205/share. The amount has included IDR35/share which has disbursed previously, while the remaininh IDR170/share will be distributed this year. (Source : Investor Daily) Comment: BBCA dividend inline with our forecast. We believe resilient performance will continue and thus will provide another solid DPO for 2023.Maintain HOLD for BBCA, with DDM TP of IDR8,920 (4.5x ‘3F P/B).